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Gulf Asian Petroleum Plans Refinery and PP Complex in Malaysia

4:11 AM MDT | July 26, 2011 | Natasha Alperowicz

Two Malaysian companies KNM Group and Zecon Bhd have signed an agreement with Gulf Asian Petroleum Sdn Bhd (GAP; Kuala Lumpur) to build a refinery and polypropylene (PP) plant at Teluk Ramunia, Johor, Malaysia at a cost of ringgit 17 billion ($5.7 billion). KNM says the agreement is for the construction of a 150,000 to 200,000 bbl/day refinery as well as a 525,000-m.t./year PP plant for GAP at a combined cost of $5 billion. In addition, GAP is planning to build a petroleum storage terminal with a storage capacity of 2.328 million cu meter and supporting...

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