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Toh Han Shih

Sinopec Engineering has been awarded a US$1.33 billion contract to build an oil refining and petrochemical project in Pengerang, Johor state, Malaysia, the Hong Kong-listed firm announced on Thursday morning.
The contract was awarded by PRPC Refinery and Cracker, a subsidiary of Petroliam Nasional, the Malaysian state-owned oil giant better known as Petronas.
The Chinese and Malaysian state-owned firms are finalising and executing this contract, Sinopec Engineering said. 


Sinopec Engineering wins US$1.33b contract from Petronas

The contract was awarded by PRPC Refinery and Cracker, a subsidiary of the Malaysian state-owned oil giant Petronas. Photo: Reuters

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Sinopec is in talks for 15 per cent of Pacific Northwest LNG project. Photo: Bloomberg

Cai Xiyou, chairman of Sinopec Engineering, at the firm's listing ceremony in Hong Kong. Photo: May Tse

Sinopec Engineering's revenue from its parent dropped to 50 per cent last year, from 66 per cent in 2010, as the company seeks to diversify its customer base. Photo: AFP

Sinopec Engineering has been awarded a US$1.33 billion contract to build an oil refining and petrochemical project in Pengerang, Johor state, Malaysia.
