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PETRONAS ENTERS LUBRICANT MARKETS OF SWITZERLAND, LIECHTENSTEIN
PETRONAS, Malaysia’s oil and gas multinational, has officially introduced its range of premium grade automotive engine oils in Switzerland and Liechtenstein with the launch of these products on 20 January in Langenthal, Switzerland.The company had earlier signed an agreement with Switzerland-based Bucher Ag Langenthal, also known as Motorex, to market and distribute PETRONAS’ SYNTIUM brand premium grade lubricants in these two countries.
Under the agreement, Motorex will initially market the lubricants, including the synthetic range of SYNTIUM 5000 FS, SYNTIUM 3000S and SYNTIUM 1000S through a select number of gas stations and supermarket outlets of Coop, Switzerland’s second largest consumer products retailer. (more…)
PETRONAS ENTERS LUBRICANT MARKETS OF SWITZERLAND, LIECHTENSTEIN
PETRONAS, Malaysia’s oil and gas multinational, has officially introduced its range of premium grade automotive engine oils in Switzerland and Liechtenstein with the launch of these products on 20 January in Langenthal, Switzerland.
The company had earlier signed an agreement with Switzerland-based Bucher Ag Langenthal, also known as Motorex, to market and distribute PETRONAS’ SYNTIUM brand premium grade lubricants in these two countries. (more…)
PETRONAS STRIKES OIL IN NIGER
PETRONAS Carigali Niger Exploration & Production Ltd. (PCNEPL), a subsidiary of PETRONAS, has encountered hydrocarbons in the Agadem Block 1 Permit, Republic of Niger.The Jaouro-1 exploration well was drilled in the Termit Basin about 1,000 kilometres east of Niamey, the capital of Niger. The well achieved a total depth of 2,462 metres. Production tests of the well resulted in a maximum flow rate of 2,540 barrels of oil per day.
PCNEPL is the operator of the Agadem Block 1 and holds 50% equity in the project. The other partners in the consortium are Esso Exploration and Production Niger Inc. and Esso Deutschland GmbH, both of which are subsidiaries of ExxonMobil. (more…)
ASEAN BINTULU FERTILIZER VENTURES INTO MELAMINE PRODUCTION WITH KOREA’S NAMHAE CHEMICAL CORPORATION
ASEAN Bintulu Fertilizer Sdn Bhd (ABF), a subsidiary of PETRONAS, today signed a Shareholders Agreement with Namhae Chemical Corporation (NCC) of Korea to set up a joint venture melamine production facility in Bintulu, Sarawak. The facility, which will be Malaysia’s first, will have an annual production capacity of 15,000 metric tonnes.Under the agreement, ABF and NCC will form a 50:50 joint venture company to be called ABF Namhae Melamine Sdn Bhd, with an authorised capital of RM150 million. The cost of the project is estimated at RM150 million and will be funded by shareholders equity and third party loans.
Under the project, the joint venture company will relocate NCC’s existing melamine plant in Yeosu, Korea to a new site adjacent to ABF’s ammonia and urea plants in Bintulu. The project is expected to be completed and commissioned in early 2006. ABF will supply urea as feedstock to the melamine plant and will operate the plant on behalf of the joint venture company. (more…)
ASEAN BINTULU FERTILIZER VENTURES INTO MELAMINE PRODUCTION WITH KOREA’S NAMHAE CHEMICAL CORPORATION
ASEAN Bintulu Fertilizer Sdn Bhd (ABF), a subsidiary of PETRONAS, today signed a Shareholders Agreement with Namhae Chemical Corporation (NCC) of Korea to set up a joint venture melamine production facility in Bintulu, Sarawak. The facility, which will be Malaysia’s first, will have an annual production capacity of 15,000 metric tonnes.
Under the agreement, ABF and NCC will form a 50:50 joint venture company to be called ABF Namhae Melamine Sdn Bhd, with an authorised capital of RM150 million. The cost of the project is estimated at RM150 million and will be funded by shareholders equity and third party loans. (more…)
PETRONAS STRIKES OIL IN NIGER
PETRONAS Carigali Niger Exploration & Production Ltd. (PCNEPL), a subsidiary of PETRONAS, has encountered hydrocarbons in the Agadem Block 1 Permit, Republic of Niger.The Jaouro-1 exploration well was drilled in the Termit Basin about 1,000 kilometres east of Niamey, the capital of Niger. The well achieved a total depth of 2,462 metres. Production tests of the well resulted in a maximum flow rate of 2,540 barrels of oil per day.
PCNEPL is the operator of the Agadem Block 1 and holds 50% equity in the project. The other partners in the consortium are Esso Exploration and Production Niger Inc. and Esso Deutschland GmbH, both of which are subsidiaries of ExxonMobil.
The consortium will continue to evaluate the hydrocarbon potential of the Agadem Block 1.
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Media Relations & Information Department