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Regions :: Southeast Asia

Petronas's Rapid project likely to again miss FID deadline

8:20 AM MST | February 24, 2014 | Natasha Alperowicz

Petronas (Kuala Lumpur), the state-owned energy group, is likely to again miss a final investment decision (FID) for a previously announced $19-billion Refinery and Petrochemical Integrated Development (Rapid) project at Pengerang, Johor State, Malaysia, The Edge Financial Daily newspaper reported today, citing unnamed sources familiar with the situation.   Petronas said last July that external factors beyond its control led to the FID being postponed from June 2013 to March of this year. But, this deadline is also expected to be missed the newspaper says...

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