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Petronas set to start offering oil products from new refinery in April

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A senior company official of Petronas, Malaysia’s state energy firm, has said that the firm expects to start offering oil products from its new refining-petrochemical complex in April as the project moves toward full commercial production in October

The initial products would not meet commercial specification yet as trial runs are still under way, Arif Mahmood, Petronas’ executive vice president and CEO of downstream, said on the sidelines of the CERAWeek energy conference in Houston. He also said that the $27 billion Pengerang Integrated Complex was completed in five years.

Petronas’ refining capacity will reach 700,000 bpd after including its equity stake in the Pengerang complex, while its petrochemical production will grow to 14.6 million tonnes per year (tpy) from 12.7 million tpy currently, he said. The petrochemical complex is expected to start up by late March.

Fuel production from the new refinery will balance Malaysia’s gasoline supply and demand and will allow it to export diesel from the new refinery, Arif said.

Source Reuters
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