ID :
20208
Fri, 09/19/2008 - 18:04
Auther :
Shortlink :
http://m.oananews.org//node/20208
The shortlink copeid
TRC GETS BRUNEI GOVT NOD FOR OIL REFINERY PROJECT
KUALA LUMPUR, Sept 19 (Bernama) -- TRC Synergy Bhd has received approval
from the Brunei Government through its associated company, PetroBru (B) Sdn Bhd,
to proceed with an oil refinery project in the sultanate.
The company has completed a feasibility study on the economic viability of
building and operating a crude oil storage and a refinery in Pulau Muara
Besar.
PetroBru was tasked with conducting the study early this year.
"I am pleased with the positive results of the economic feasibility
study which revealed the viability of the potential oil refinery in Brunei,
with a processing capacity of 200,000 barrels of oil per day.
"We will now proceed with the detailed feasibility study which will take
about six months. We expect the project construction to start in the first half
of 2010," TRC executive chairman Sufri Mohd Zin said in a statement.
Sufri said the potential oil refinery had also attracted Kuwait Petroleum
International.
"We are in talks to see how we can further maximise the potential of the
oil and gas industry in Brunei," he said.
He said TRC strongly believe its investment in the oil and gas
industry will contribute positively to the group's future earnings.
Todate, TRC has invested RM2.5 million in Brunei. Its order book stands at
RM1.5 billion until 2010.
from the Brunei Government through its associated company, PetroBru (B) Sdn Bhd,
to proceed with an oil refinery project in the sultanate.
The company has completed a feasibility study on the economic viability of
building and operating a crude oil storage and a refinery in Pulau Muara
Besar.
PetroBru was tasked with conducting the study early this year.
"I am pleased with the positive results of the economic feasibility
study which revealed the viability of the potential oil refinery in Brunei,
with a processing capacity of 200,000 barrels of oil per day.
"We will now proceed with the detailed feasibility study which will take
about six months. We expect the project construction to start in the first half
of 2010," TRC executive chairman Sufri Mohd Zin said in a statement.
Sufri said the potential oil refinery had also attracted Kuwait Petroleum
International.
"We are in talks to see how we can further maximise the potential of the
oil and gas industry in Brunei," he said.
He said TRC strongly believe its investment in the oil and gas
industry will contribute positively to the group's future earnings.
Todate, TRC has invested RM2.5 million in Brunei. Its order book stands at
RM1.5 billion until 2010.