‘Rapid’ project only minimally affected by oil price drop

February 21, 2016

Note to self – Move business plan to focus on RAPID, wait, have already started.

Dateline 2016-01-11, FMT:

The current decline in global oil prices has had a minimal impact on the Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang here.

The project is progressing according to schedule, with 17 per cent of the venture ready to date, said Johor Chief Minister, Mohamed Khaled Nordin.

As such he added, the people have nothing to worry about in respect of the project, which is also focused on downstream industries.

“Rapid is focused on crude oil refining activities and not processing (oil), so the impact is less,” he added.

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Malaysia’s Johor govt investment arm looking to expand in oil & gas

June 7, 2015

I did not know EA Technique was a subsidiry of Johor Corp.

Dateline 2015-05-05, Seatrade Maritime:

Johor state-owned investment arm Johor Corp (JCorp) is looking to expand its participation in the oil and gas (O&G) sector through its subsidiary companies, especially EA Technique, local reports quoted Johor chief minister Mohamed Khaled Nordin as saying.
“E.A. Technique currently possesses 33 marine vessels including its latest offshore storage vessel namely the FOIS Nautica Tembikai.

“With the new vessel set to sail along with its six-year contact valued at $63m, the company is well on its way to expansion,” he said.

Khaled said the Johor state government was also looking at providing better infrastructure within the Iskandar region especially at Pasir Gudang, where domestic and international trading activities thrive.

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