January 20, 2020
Dateline 2019-11-21, Reuters:
State oil company Petronas said its massive refinery and petrochemicals complex in southern Malaysia, a $27-billion joint venture with Saudi Aramco, will start commercial operations as planned by the end of the year, dismissing a report of a delay.
The refinery’s atmospheric residue desulphurisation (ARDS) unit, hit by a fire in April, will begin operation by mid-2020, Petronas said in an email late on Wednesday.
“Petronas would like to clarify that its Pengerang Integrated Complex is in the middle of start-up activities and expected, as planned, to be in commercial operations by end of 2019,” it told Reuters.
November 19, 2019
Dateline 2019-09-20, Nikkei Asian Review:
Malaysia’s state oil company Petronas said on Friday that recent attacks on a key Saudi oil facility will not affect Saudi Aramco’s $7 billion investment in a refinery complex in the southern state of Johor.
Saudi Aramco acquired a 50% stake in the Rapid project’s refinery and cracker plants in 2017, agreeing to supply up to 70% of the crude feedstock for the refinery operations, which are scheduled to begin commercial production later this year.
“We do not foresee any impact on supplies to Rapid from Saudi Aramco,” Petronas President and CEO Wan Zulkiflee Wan Ariffin told reporters in Kuala Lumpur.
July 17, 2019
Dateline 2019-06-19, The Edge:
Malaysian state oil company Petroliam Nasional Bhd or Petronas, and Saudi Aramco, have started operations at their new 1.2-million-tonnes-per-year naphtha cracker, multiple sources familiar the matter said on Wednesday.
The sources added that naphtha was imported this month specifically for the cracker, which had started recently though, an exact time frame could not be confirmed.
Petronas did not immediately respond to a request for comment.
July 13, 2019
I wonder if there is a target per capita fuel usage cap.
Dateline 2019-06-18, Malay Mail:
The US$16 billion (RM66 billion) Refinery and Petrochemical Integrated Development (RAPID) project in Johor is set to begin operations somewhere in the fourth quarter of 2019, Finance Minister Lim Guan Eng said today.
He said the project would turn Malaysia into a net exporter of refined fuels for the first time since 2008.
May 28, 2019
Dateline 2019-04-12, Reuters:
A fire was brought under control early on Friday after an explosion at a Malaysian oil refinery being developed by state oil firm Petronas, which was testing its facilities ahead of planned commercial operations later this year.
RAPID, or Refinery and Petrochemical Integrated Development, will anchor the Pengerang Integrated Complex (PIC) and is Petronas’ biggest domestic investment, made in a 50-50 partnership with Saudi Arabia’s state-owned Saudi Aramco.
The explosion and fire occurred at about 1:25 a.m. on Friday (1725 GMT on Thursday) at the plant’s atmospheric residue desulphurisation unit (ARDS), which is in its commissioning stage, Petronas said in an updated statement.
April 26, 2019
Dateline 2019-03-13, Reuters:
Malaysia’s state energy firm Petronas expects to start offering oil products from its new refining-petrochemical complex in April as the project moves toward full commercial production in October, a senior company official said.
The initial products would not meet commercial specification yet as trial runs are still under way, Arif Mahmood, Petronas’ executive vice president and CEO of downstream, said on the sidelines of the CERAWeek energy conference in Houston.
February 11, 2019
Dateline 2019-01-23, S&P Global:
The start-up of the 300,000 b/d Refinery and Petrochemical Integrated Development, or RAPID, project in Malaysia will boost Asia’s refining capacity growth in 2019, increase Saudi crude inflows to the region and add to the supply of refined petroleum products.
The RAPID facility, operated by Pengerang Refining and Petrochemical or PRefChem, a joint venture between state-run Petronas and Saudi Aramco, is among the largest greenfield oil refineries to start operations in Southeast Asia in recent years, supplementing the existing refining hub in adjacent Singapore.
November 23, 2018
Dateline 2018-09-26, O&GJ:
The jointly held Saudi Aramco–Petronas $27-28-billion Pengerang Integrated Complex (PIC) in southeastern Johor, Malaysia, has received its first delivery of crude oil at Pengerang Deepwater Terminal 2, marking the transition into the commissioning phase for startup of the 300,000-b/d refinery and petrochemical integrated development (RAPID) project (OGJ Online, Mar. 29, 2018).
Pengerang Refining & Petrochemical (PRefChem)—an alliance of Petronas and Aramco that includes the two joint ventures Pengerang Refining Co. Sdn. Bhd. and Pengerang Petrochemical Co. Sdn. Bhd.—received a cargo of 2 million bbl of crude supplied by Petronas and Aramco on Sept. 24 that will be used for commissioning and testing activities at the refinery, which are scheduled to begin in October, Aramco said.
November 19, 2018
Did they ship?
Dateline 2018-09-04, Nasdaq:
Saudi Aramco plans to deliver the first crude oil cargo to its joint-refinery project with Petronas in Malaysia in October as the companies prepare for trial runs at the new plant, several sources with knowledge of the matter said on Tuesday.
The project, Refinery and Petrochemical Integrated Development (RAPID), is a $27 billion complex located between the Malacca Strait and the South China Sea, conduits for Middle East oil and gas bound for China, Japan and South Korea.
December 17, 2017
Dateline 2017-11-03, Reuters/Bernama:
Malaysian state energy company Petronas and Aramco are facing “technical issues” in finalizing the Saudi oil major’s $7 billion investment in a refinery project, but the deal will be completed soon, state news agency Bernama reported on Friday.
The government “is giving room to Petronas and Saudi Aramco to resolve several technical issues related to the investment agreement,” Bernama reported, citing Abdul Rahman Dahlan, a minister in the Malaysian prime minister’s office.