Petron to expand Malaysia refinery for $3.5 billion 251 SHARES Share it! Share TweetBy Myrna M. VelascoFilipino leading oil firm Petron Corporation is lining up mammoth investment of $3.5 billion to expand the capacity of its Port Dickson refinery in Malaysian oil market by additional 90,000 barrels per stream day. “The Malaysian refinery expansion if we will add 90,000 barrels per day will entail investment of $3.5 billion,” Petron President and Chief Executive Officer Ramon S. Ang said. Over the longer term, Petron is penciling in additional investment of $3.5 billion on added facet of refinery expansion that could shore up Limay’s capacity to 360,000 barrels per day at project’s completion. Tags: favorable investment, gasoline stations, liquefied petroleum gas, Malaysian business, Petron Corporation, Port Dickson refinery, Ramon S. Ang

Source: Manila Bulletin December 31, 2017 14:02 UTC