Malaysia's state oil firm Petroliam Nasional (Petronas) board of directors has given the green light for a US$16 bln (RM53 bin) refinery and petrochemical integrated development (Rapid).Located within the Pengerang Integrated Complex in the southern state of Johor, Rapid is poised to start refinery operations by early 2019. Other associated facilities within the complex will also involve up to US$11 bln of investment. Rapid, Malaysia's largest liquid-based green-field downstream development, was previously twice delayed due to issues with relocation of residents.
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