Petronas delays Johor refinery start-up to 2017

Malaysia’s state-owned Petroliam Nasional Berhad or Petronas has pushed back the completion date for its Johor refinery-petrochemical project to 2017 as a final investment decision has been delayed, its chief executive said.
The company was expected to give the project the green light this year but had to push it back due to political uncertainty during the national elections early this year.
“It has been delayed by just three months,” Petronas CEO Shamsul Azhar Abbas told Reuters, adding that a decision would be made in early 2014.
He said the project’s completion date would be pushed back to 2017 from the original schedule of 2016.