Malaysia readies refinery in time to profit from low-sulphur transition
Wood Mackenzie analysts said ‘surplus’ diesel and gas oil output from Malaysia’s new refinery and petchem complex, RAPID, could be easily absorbed by the neighbouring bunkering hub in Singapore. The refinery already took in a 2m barrel crude shipment from Petronas and Aramco back in September
The Petronas-Aramco funded refinery will provide additional avenue for the Saudis to expand crude exports to Southeast Asia as well as gain access to the region’s growing demand for plastics or polymer
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