• PETRONAS looks to expand its business in India

    PETRONAS, Malaysia’s national oil company, is committed to explore business growth opportunities across all segments of the oil and gas value chain in India, said President and Group CEO, Datuk Wan Zulkiflee Wan Ariffin during a series of receptions held for partners and customers in Mumbai and New Delhi.

    “India has always been an important market for PETRONAS as we see great potential to grow further with our partners and customers,” said Wan Zulkiflee.

    As part of its business strategy, PETRONAS will continue to invest in expanding its capacity in commodity chemicals and refined products, and enhance its product offerings to include differentiated and specialty chemicals for its customers worldwide.

    This will be supported by the Sabah Ammonia Urea project in Sabah, Malaysia, which is on track for commercial operations in Quarter 4 this year. SAMUR will have an estimated annual output of 2.6 million metric tonnes, making PETRONAS the second largest granular urea producer in South East Asia.

    Further to that, PETRONAS is also embarking on the Refinery and Petrochemical Integrated Development (RAPID) located in Malaysia’s southern state of Johor.

    It is a single largest integrated downstream investment in the country to date, scheduled to commence in 2019.

    India, one of the most competitive economies and the fourth largest LNG market in the world also presents vast potential for PETRONAS. Wan Zulkiflee said PETRONAS is keen to explore opportunities in the Indian LNG market and is working to establish a liaison office to help grow its business in the country.

    With decades of experience as an integrated end-to-end LNG player and currently the third-largest producer of LNG in the world, PETRONAS also boasts a sterling reputation of being a reliable supplier among its LNG customers.

    “Over the years, we have also expanded the scale of our production facilities in Bintulu, and invested in new projects. I’m also exceptionally proud that our world’s first floating LNG facility, PFLNG Satu, was completed earlier this year. PFLNG Satu is a true industry game changer that allows us to monetise stranded gas assets and is currently undergoing commissioning. The first cargo is expected in the first quarter of 2017,” he said. Jordan Reed Authentic Jersey

    Share This