petrochemicals

 
 

Saudi Aramco to sign China refinery deals as crown prince visits, say sources

BEIJING, Feb 21 — Saudi Aramco plans to sign preliminary deals to invest in two oil refining and petrochemical complexes in China during the Saudi Arabian crown prince’s visit this week, sources familiar with the plans said, as Beijing seeks…


Saudi crown prince begins Asia tour with US$20b Pakistan investment pledge

ISLAMABAD, Feb 18 — Crown Prince Mohammed bin Salman yesterday said Saudi Arabia has signed investment agreements worth US$20 billion (RM81.6 billion) during his high-profile visit to Pakistan, where tensions were flaring up with nuclear-armed…


Pakistan, India hope to reap investment from Saudi prince's visit

NEW DELHI,  Feb 12 — Saudi Arabia's Crown Prince Mohammed bin Salman is expected to announce investments in energy and infrastructure during a visit to India and Pakistan in coming days as part of his efforts to wean the Saudi economy off oil…


Saudi investments to aid cash-strapped Pakistan

DUBAI: A record investment package being prepared by Saudi Arabia for Pakistan will likely provide welcome relief for its cash-strapped Muslim ally, while also addressing regional geopolitical challenges, analysts say. At the heart of the investment is a reported US$10 billion refinery and oil complex in the strategic Gwadar Port on the Arabian Sea, the […]


Saudi Aramco doubles down on South Korea with US$1.6 billion bet on Hyundai Oilbank

SEOUL: State-owned Saudi Aramco plans to invest up to US$1.6 billion for a nearly 20 percent stake in South Korean refiner Hyundai Oilbank, expanding its foothold in one of its biggest Asian buyers of crude oil. Saudi Aramco is already the biggest shareholder in South Korea’s No 3 refiner, S-Oil Corp, with a 63.41 per […]


PRefChem achieves milestone firing up CDU refinery

KUCHING: Pengerang Refining and Petrochemical (PRefChem) achieved a significant milestone when it commenced the start-up of its refinery with the firing up of the Complex’s Crude Distillation Unit (CDU). With a refining capacity of 300,000 barrels of crude per day, the PRefChem refinery will produce a range of refined petroleum products, including gasoline and diesel […]


Saudi Arabia to set up US$10b oil refinery in Pakistan

GWADAR, Jan 13 — Saudi Arabia plans to set up a US$10 billion (RM41 billion) oil refinery in Pakistan’s deepwater port of Gwadar, the Saudi energy minister said yesterday, speaking at the Indian Ocean port that is being developed with the help…


Senai Airport to manage Kertih Airport operations

PETALING JAYA: Senai Airport Terminal Services Sdn Bhd (SATSSB) has entered into a contract with Petroliam Nasional Bhd’s (Petronas) subsidiary Sanzbury Stead Sdn Bhd to manage the operations and maintenance services of Kertih Airport for three years, effective Jan 1, 2019.

SATSSB, the operator of the Johor-based Senai International Airport, is a member of MMC Group, while Kertih Airport is the main air base for oil and gas operations in Terengganu, caters primarily to helicopter flights to offshore oil platforms at the state’s coast.

Kertih Airport is also connected by scheduled commercial flights operated by Malindo Air to Subang, to serve the demand from Petronas’ petrochemicals production and crude oil refinery in Paka, Terengganu.

Under the strategic partnership, SATSSB said it is providing professional management services and undertaking the role of airport operator of Kertih Airport, whilst Sanzbury Stead maintains its position as the asset owner.

On its part, SATSSB said it will strategise and drive the airport operations to ensure safe, efficient and uninterrupted services in accordance with regulatory requirements enforced by Civil Aviation Authority of Malaysia, Malaysian Aviation Commission and other related government agencies.

With its extensive experience in managing one of the fastest growing airports in Malaysia, SATSSB pledges operational excellence in operating Kertih Airport through an efficient and effective asset maintenance programme, that aims at optimising the cost of operations.

SATSSB added that the contract will also cover areas on aerodrome certifications, airport health, safety, security and environment and emergency response operations.

MMC Corp Bhd managing director Datuk Sri Che Khalib Mohamad Noh, who is also the chairman of SATSSB, said he is confident that with its experience and capability, the group can offer value by maintaining the operations in an efficient and safe manner according to the aviation regulatory standard and customers’ requirement.

He also noted that Senai International Airport is the only privately managed commercial airport in Malaysia with expertise in airport management and operations for over 15 years.

Senai International Airport is currently connected to 18 destinations, including 11 domestic and seven international links.


Senai Airport to manage Kertih Airport

PETALING JAYA: Senai Airport Terminal Services Sdn Bhd (SATSSB) has entered into a contract with Petroliam Nasional Bhd’s (Petronas) subsidiary Sanzbury Stead Sdn Bhd to manage the operations and maintenance services of Kertih Airport for three years, effective Jan 1, 2019.

SATSSB, the operator of the Johor-based Senai International Airport, is a member of MMC Group, while Kertih Airport is the main air base for oil and gas operations in Terengganu, involved primarily in helicopter flights to offshore oil platforms.

Kertih Airport is also connected by commercial flights operated by Malindo Air to Subang, to serve the demand from Petronas’s petrochemicals production and crude oil refinery in Paka, Terengganu.

Under the strategic partnership, SATSSB said it is providing professional management services and undertaking the role of airport operator of Kertih Airport, while Sanzbury Stead maintains its position as the asset owner.

On its part, SATSSB said it will strategise and drive airport operations to ensure safe, efficient and uninterrupted services in accordance with regulatory requirements enforced by Civil Aviation Authority of Malaysia, Malaysian Aviation Commission and other related government agencies.

The contract will also cover aerodrome certifications, airport health, safety, security and environment and emergency response operations.


Iran's economic woes go beyond sanctions, say analysts

TEHRAN, Dec 25 — Iran's government faces acute economic challenges as it announces its annual budget, expected today, and not all of its problems are the result of US sanctions. The rial has lost around half its value against the US dollar since…