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.

 


Malaysia’s Petronas says RAPID project on track for 2019 start-up

February 26, 2017

Dateline 2017-01-26, Yahoo! Finance:

Malaysia’s state oil firm Petroliam Nasional Berhad said on Thursday its new $27 billion refining and petrochemical complex project in the southeast Asian country is on track for start-up in 2019.

Sources familiar with the matter told Reuters on Wednesday that Saudi Aramco had shelved its plans for a partnership with the company, known as Petronas, on the Refinery and Petrochemical Integrated Development (RAPID) project, raising questions about its future.

RAPID, located within the Pengerang Integrated Complex in the southern Malaysian state of Johor, is designed to have a 300,000-barrel-per-day oil refinery and a petrochemical complex with a production capacity of 7.7 million metric tonnes.

 


Petronas creates another record

August 7, 2016

Dateline 2016-06-27, NST:

PETROLIAM Nasional Bhd (Petronas) has achieved another milestone by receiving the tallest and heaviest propylene fractionator process column for the steam cracker facility within its Pengerang Integrated Complex (PIC) in Pengerang, Johor, on Saturday. The fractionator would complement the overall development of the PIC, poised for its refinery start-up by early 2019. It also established a new record as the tallest and heaviest process column to have landed on Malaysian shores. The column measures 121.3m — equivalent to a 36-storey building — and weighs 1,808.6 tonnes. “I am proud to announce that our propylene fractionator has been recognised by the Malaysia Book of Records as the tallest and heaviest process column in Malaysia,” said Petronas senior vice-president and Petronas Refinery and Petrochemical Corporation Sdn Bhd chief executive officer (CEO) Dr Colin Wong Hee Huing.


M’sia Still Preferred For Oil & Gas Industries

April 19, 2016

What technical symposium?

Dateline 2016-03-01, Malaysia Digest:

Malaysia remains a preferred location for business operations, especially in the petrochemical and oil & gas (O&G) related industries.

This is despite facing global headwinds, said Malaysian Investment Development Authority (Mida) Chief Executive Officer Azman Mahmud.

He said Malaysia had the infrastructure for these industries and was still fundamentally strong with the economy expected to grow between 4.0% and 4.5% this year.

“With the implementation of the Pengerang Integrated Petroleum Complex and the Petronas Refinery and Petrochemical Integrated Development project, Malaysia has now been placed on the world map for building opportunities for growth in this ecosystem,” he told reporters after officiating the Schmidt + Clemens Group Technical Symposium here today.

Schmidt + Clemens is a producer of special steel components and a supplier of services for plant operators and mechanical equipment manufacturers.

The company has invested more than 14 million euros in a new production plant at the Sendayan Tech Valley in Seremban, while planning to add a few more machines this year.


MALAYSIA As jobs dry up, oil and gas workers rely on Petronas’ Pengerang project for a lifeline

April 14, 2016

As the song says, “So true, funny how it seems..“, and matches my call for classical engineering degrees, rather than needle-sharp niche ones.

Dateline 2016-02-28, Malay Mail Online:

State oil giant Petronas’ flagship project in Johor’s south-eastern tip of Pengerang has become a life raft for many oil and gas workers as contracts and new job opportunities dried up across the board over the past year.

The building of a new oil refinery and petrochemical plant, for which work started in 2012 and started picking up pace beginning last year, has taken in a growing number of oil and gas workers from all over the country.

“I took a pay-cut to work in Pengerang. It was either this or nothing at all for me,” said Thilak Jaganathan, a 28-year-old safety inspector.


Malaysia’s Pengerang Terminals Receives First VLCC Clean Oil Shipment

November 28, 2015

Dateline 2015-10-16, tankterminals.com:

 Malaysia’s Pengerang Independent Terminals, jointly owned by storage operator Vopak and Dialog Group, received its first very large crude carrier shipment of clean products on Thursday, Vopak said.

The tanker MT Yuan Qiu Hu, which can carry 270,000 tonnes of clean oil products, was chartered by oil trader Trafigura to load gasoil at Pengerang, industry sources said.

The tanker left Yeosu, South Korea on Sept. 26 and arrived at Pengerang on Thursday, Reuters ship tracking data showed. It is likely heading to West Africa, traders and shipbrokers said, although this could not be confirmed.

While the Pengerang terminal – which started operations in March – has received hundreds of vessels of various sizes offering both clean oil products and crude oil, this is the largest shipment for clean oil products, Vopak said.

Located in the southern state of Johor, just across the Johor Strait from the Singapore trading hub, the Pengerang site can hold about 1.3 million cubic metres (cbm) of storage for crude oil and oil products.


MPRC applauds Platts’ move towards FOB Straits benchmark

August 23, 2015

Why isn’t Abang Yazid a Datuk yet?

Dateline 2015-07-07, The Borneo Post:

The Petroleum Resources Corporation (MPRC) has applauded Platts’ recent move to approve four terminals in southern Malaysia as part of the free-on-board (FOB) Straits oil benchmark pricing which is the process of price assessment for refined oil products.

The four terminals are Pasir Gudang, Tanjung Langsat, Pengerang and Tanjung Bin.

In a statement yesterday, MPRC said with the FOB Straits, market participants would have broader options for loading terminals from which to meet an approved FOB Straits bid.

“As a result, all market participants will benefit from a more efficient market with more transparent price discovery,” it said.

Platts is a global energy, petrochemicals and metals information provider with a premier source of benchmark price reference.