China’s state-owned Sinopec Engineering won a construction and engineering contact from Malaysia-based multinational Petronas worth US$1.3 billion.
The contract is for engineering, procurement, construction and commissioning for one package of an oil refining and petrochemical integrated engineering project at Pengerang, Malaysia.
The Pengerang Integrated Petroleum Complex (PIPC) is a 20,000 downstream facility that will house oil refineries, naphtha crackers, petrochemical plants, a liquefied natural gas import terminal and a regasification plant.
The refinery and petrochemical integrated development will have a 300,000 billion barrels per day refining capacity and is projected to commissioned by 2016.
Petronas is building the complex’s refinery.
PIPC will also have a total storage capacity of five million cubic meters by the year 2020.
The PIPC is owned by Malaysia Petroleum Resources Corporation.
Malaysia-based KNM Process Systems cooperated with Sinopec on the bidding process and will be the subcontractor for the project.