2020 Budget opens up new investment opportunities, says JPDC

December 14, 2019

Dateline 2019-10-12, Malay Mail:

The 2020 Budget tabled by Finance Minister Lim Guan Eng yesterday will present a new economic direction for Malaysia, providing catalysts for the country to compete in the global stage, said Johor Petroleum Development Corporation Berhad (JPDC).

According to its chief executive Mohd Yazid Ja’afar, the budget also provides equal economic opportunities to all its citizens, ensuring the existence of physical infrastructure and facilitating a system to support economic growth.

The focus on the development of the digital economy and the provision of highly skilled workforce, particularly in the technical and technology-related areas will also be a factor in attracting foreign investment, and opening up many opportunities for new industries to be based in Malaysia, he said.

Pengerang has potential as largest oil and gas hub in Asia

April 6, 2017

Yeah, Yazid!

Dateline 2017-02-24, Malay Mail:

The subdistrict of Pengerang in Johor thrives as a downstream oil and gas industry hub, with investment worth billions of ringgit as a result of brilliant strategies introduced by Johor Petroleum Development Corporation Berhad (JPDC).

JPDC, a subsidiary of Malaysia Petroleum Resources Corporation (MPRC), has a big hand in the development of the Pengerang Integrated Petroleum Complex (PIPC).

The complex situated in Pengerang, which sprawls over 8,093 hectares of land, is an integrated hub with an investment potential of RM221 billion (US$52 billion). Its facilities include liquefied natural gas (LNG) and petrol storage tanks, petrochemical plant, regasification plant, refinery, power plant and facilities to decompose naphthalene.

“JPDC is optimistic that it will attract more investment to PIPC,” said its chief executive Mohd Yazid Jaafar.