(EnergyAsia, May 30) — A Sino-Malaysian venture has proposed to build a US$6 billion energy complex comprising an oil refinery, a petrochemical plant and liquefied petroleum gas storage facilities in the coastal village of Manjung on the west coast of Malaysia.

 

The Malaysian China Petroleum Corporation Sdn Bhd (MCPC) and a consortium comprising China International New Energy Petroleum Group Co Limited and Empire Global Corporation last week signed a memorandum of understanding for the project.

 

The partners, which have the backing of China National Petroleum Corporation and CNPC Shanghai, said the project will create more than 5,000 jobs.

 

MCPC spokesman Abdul Rahman Abdullah said the two-month feasibility study would include identifying a plot of land of between 600 hectares and 800 hectares in Manjung, near Lumut port, for the project. Lumut has a deep sea port and long coastline to support the berthing and handling of large petroleum tankers.

 

He said the project would be implemented in three phases over five years, with 20% of the crude and condensates to be supplied by Petronas, and the rest from Indonesia and the Middle East. Most of the products would be exported to China. The refinery would process 10 million tonnes of crude oil and five million tonnes of condensate oil annually.