MALAYSIA: Rapid Project Feasibility Study To Be Finalised Before Year-End

Petronas expects the detailed feasibility study for the proposed Refining and Petrochemical Integrated Development (RAPID) project in Southern Johor to be finalized before year-end, says President and Chief Executive Datuk Shamsul Azhar Abbas.

"At this point of time, we are in the process of finalizing the product stage. Once that is finalized in Sept. we will identify the right partner as the partnership will depend on the produce stage," he said.

Shamsul said the final investment decision for the RAPID project would be made by the Petronas board by end-2012. The project would be commissioned by end-2016.(Syed Rashid Ali, Karachi, Pakistan)