Petronas-Saudi RAPID refinery begins trials on crude oil unit: sources
SINGAPORE (Reuters) - Malaysian state oil company Petronas started trial runs at the crude distillation unit (CDU) for a joint-venture refinery with Saudi Aramco in Malaysia last week, two sources with knowledge of the matter said.
The move marks a major milestone for the $2.7 billion
The company also received its second cargo of 2 million barrels of Saudi crude last week, according to the sources and data on
Petronas could not be immediately reached for comment.
RAPID consists of a 300,000 barrels-per-day (
The first crude oil cargo for RAPID was offloaded at Pengerang in September.
The refinery is one of four new complexes in Asia that represent a combined processing capacity of nearly 1.3 million
Another of the four complexes, a 400,000-
These plants will increase Asia’s crude demand while adding to fuel output in the region.
Reporting by Florence Tan; Additional reporting by A. Ananthalakshmi in KUALA LUMPUR; Editing by Tom Hogue
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