Petronas further delays US$19 billion refinery project

Malaysia’s state oil company Petroliam Nasional Bhd (Petronas) will start up the refinery within its US$19 billion refinery and petrochemicals integrated development (Rapid) project in Pengerang, Johor, in late 2017, Reuters reported.
Petronas had already put back the project from late 2016 to early 2017 in June and revised the final investment decision (FID) to the first quarter next year, citing state government problems in relocating villages and graves from the 2,000-hectare site.
“As a result of the revised FID date, the Rapid refinery is scheduled to be ready for start-up in the fourth quarter of 2017 and the remaining plants within the complex are scheduled to be commissioned in 2018,” Petronas said.