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PETRONAS ACQUIRES ADDITIONAL STAKE IN MALAYSIA REFINING COMPANY
Petroliam Nasional Berhad (PETRONAS) has acquired an additional eight percent equity in Malaysian Refining Company Sdn Bhd (MRC) from Den Norske Statsoljeselskep AS (Statoil), bringing its total shareholding in MRC to 53 percent. MRC owns the second refining train at the PETRONAS Refinery Complex in Sungai Udang, Melaka.
The deal, which also saw the disposal by Statoil of its remaining seven percent equity in MRC to Conoco Asia Ltd, has received the approval from various relevant Malaysian authorities, including the Foreign Investment Committee, Bank Negara Malaysia and the Ministry of International Trade and Industry. The share transfer process is expected to be completed by September. (more…)
PETRONAS UNIT TO PROVIDE TRAINING SERVICES TO VIETNAMESE
OGP Technical Services Sdn Bhd, a subsidiary of PETRONAS, has received a Letter of Intent (LOI) from Phu My Plastics and Chemicals Co Ltd (PMPC) to appoint it to manage and provide training services for a group of Vietnamese to operate and maintain PMPC’s polyvinyl chloride (PVC) plant in Vietnam.
Under the LOI terms, OGP, which is also the project management consultant for the PVC plant, will train 76 Vietnamese employees of PMPC in basic plant operation and maintenance; health, safety and environment; as well as conduct English language courses. This will be undertaken in collaboration with PetroVietnam Manpower Training College (PVMTC) in Vung Tau. A collaboration agreement for this purpose was signed last Friday in Baria-Vung Tau, Vietnam between OGP and PVMTC. OGP was represented by its Managing Director and Chief Executive Officer, Haji Mohd Radzi Salleh and PVMTC by its Rector, Mr Nguyen Cao Tan. Also present was PetroVietnam’s Vice Director-General Mr Dinh Van Nga. (more…)