Tuesday July 8, 2008
Gulf Petroleum appoints consultant
PETALING JAYA: Qatar’s Gulf Petroleum Ltd (WLL) has appointed a top international energy consultant to undertake a final feasibility study for its proposed integrated oil and gas complex in Malaysia, with an initial investment of about US$5bil (RM16bil).
It said yesterday the selection was made after the tender and bidding process that ended last week. The consultant was expected to complete the final feasibility study within eight weeks.
Gulf Petroleum obtained Malaysia’s regulatory approval in April for its proposed integrated oil and gas complex comprising an oil refinery, petrochemical project and storage facilities with an initial investments of about US$5bil for the first phase of five year.
The integrated complex would be Gulf Petroleum’s regional hub for its activities in the Asia Pacific region.
“As of to date, our plans in Malaysia are still on track. If everything falls into place, we should be able to commence construction by end of this year” said a director of Gulf Petroleum, Nor Azmi Abdullah.
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