KNM and foreign partner put in bids worth RM3.2bil for Rapid jobs


Johor Ruler Sultan Ibrahim Ibni Almarhum Sultan Iskandar (third from left) with Prime Minister Datuk Seri Najib Tun Razak (fourth from left)) looking at the Rapid plan during the launching of the Rapid project here in Pengerang, Johor on May 13. Looking on is Petronas Rapid executive project director Wan Yusoff Wan Hamat (left), - ABDUL RAHMAN EMBONG/The Star.

PETALING JAYA: KNM Group Bhd and its foreign partner have put in aggressive bids for the process equipment jobs at Petroliam Nasional Bhd’s (Petronas) Refinery and Petrochemical Integrated Development (Rapid) project worth in excess of US$1bil (RM3.21bil), sources said.

It is learnt that KNM’s share in the joint venture is 33% and that the foreign partner was also a company with technical expertise in the oil and gas field.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Lagenda Properties' unit secures contract worth up to RM99.6mil
Icon Offshore secures four key agreements to drive portfolio growth and expansion
RHB, CGC ink Malaysia’s first LCTF portfolio guarantee agreement, valued at RM400mil
Solarvest secures RM142mil solar EPCC contract in Kedah
Allianz Malaysia posts 7.4% lower earnings of RM183.17mil in 3Q
Tex Cycle eyes M&A, ESG market expansion
Ringgit retreats after three days of gains
Sarawak Plantation posts 14.5% profit jump in 3Q, declares 15 sen dividend
MAHB raises RM1.6bil in oversubscribed sukuk wakalah
MNRB appoints Rudy as interim president & CEO

Others Also Read