KON­SOR­TIUM ASIA PETROHUB PLANS US$20B PROJECT IN YAN

The Sun (Malaysia) - - SUNBIZ -

KUALA LUMPUR: Kon­sor­tium Asia Petrohub will un­der­take a land recla­ma­tion and re­fin­ery fa­cil­ity con­struc­tion project in Yan, Kedah, worth over US$20 bil­lion (RM89 bil­lion). The con­sor­tium was formed by IMC Lon­don, a group of bankers and fun­ders based in Bri­tain, and sev­eral in­ter­na­tional en­gi­neer­ing, pro­cure­ment, con­struc­tion and com­mis­sion­ing (EPCC) com­pa­nies from Saudi Ara­bia, Europe, China,Ja­pan, Korea and the United States. The par­ties in­volved in the project signed mem­o­ran­dums of un­der­stand­ing here yes­ter­day. – Be­nama

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