April 13, 2021
Dateline 2021-03-25, NikkeiAsia:
Malaysia’s Petronas Chemicals Group is pinning its hopes on a long-awaited $16 billion Saudi-backed refinery and petrochemical project as it seeks to boost slumping profits while investigating possible new acquisitions, its top executive told Nikkei Asia.
The Pengerang Integrated Complex (PIC) joint venture in the southern state of Johor is a portion of the larger $27 billion Pengerang Integrated Petroleum Complex mooted in 2012. Saudi Aramco — Saudi Arabia’s national oil producer — is to supply half of the crude feedstock for the refining portion and share half of the output.
March 13, 2019
Note that the article is focussing on downstream activities, not us muck in the mud folks.
Dateline 2019-02-07, The Sun:
More of Malaysia’s oil and gas services and equipment (OGSE) companies are expected to set their sights on the downstream sector mainly in the maintenance, repair and overhaul (MRO) segment with the completion of Petronas’ Pengerang Integrated Complex (PIC) in southern Johor said Malaysia Petroleum Resources Corp (MPRC).
According to its “Top 100 OGSE Companies in Malaysia FY2017” report, while volatility of the oil price is expected to persist in 2019 global oil and gas development activities are expected to increase in the coming years, with operators aiming to move forward to develop new offshore fields, particularly those located in deep waters.