Tuesday, October 30, 2012

SOGCA too pliant to petronas?

Petronas projects will develop Sabah, says contractors’ association

KOTA KINABALU: The Sabah Oil and Gas Contractors Association (SOGCA) yesterday defended Pet­ronas’ presence in Sabah, saying it would contribute significantly to the state’s development.
SOGCA’s president Datuk Iskandar Malik said Petronas was actually showing its sincerity by bringing the development of oil and gas to Sabah.
“Yes, we are very happy with Pet­ronas’ role in Sabah and this is the very reason why we formed SOGCA because we believe Petronas is well managed.
“To us, Petronas belongs to every Malaysian and we should share op­portunities given by the national oil corporation,” he said.
Iskandar was commenting on Pet­ronas’ plan to develop long-term key projects to monetise and add value to Sabah’s petroleum resources, which would result in greater revenue to the state.
With the discovery of oil and gas resources in offshore Sabah, Petronas would be pushing ahead with up­stream as well as downstream oil and gas projects involving a combined capital investment of RM45 billion. Integral to Petronas’ plans would be the Sabah-Sarawak Integrated Oil and Gas Project, comprising the upstream development of offshore oil and gas fields as well as downstream development of the Sabah Oil and Gas Terminal, and the Sabah-Sarawak Gas Pipeline. Iskandar said SOGCA also welcomed Petronas’ plan to set up the RM4.6-billion mega-fertiliser plant along with the Sabah Ammonia and Urea Project (Samur) in Sipitang.
Expected to be completed in 2015, Samur would become the largest single-train granular urea facility in South East Asia, with an capacity of 1.2 metric tonnes. — Bernama

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