SEDC, Petronas and investors sign land heads of agreement

The Star Business LogoThe Star Business1 mo ago

SEDC, Petronas and investors sign land heads of agreement

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KUALA LUMPUR: Sarawak Economic Development Corp (SEDC) has signed a land heads of agreement (HOA) with Petronas, Sarawak Shell Bhd and PTTEP HK Offshore Ltd for a long-term lease of land within the Petchem Industrial Park in Tanjung Kidurong, Bintulu, yesterday.

SEDC created the Petchem Industrial Park in 2020 to encourage active participation from domestic and international investors to intensify Sarawak’s downstream oil and gas activities which are in line with the Sarawak state government’s aspiration toward becoming a developed state by 2030.

"The SISGES project is expected to be the catalyst for more development of untapped sour gas resources off the coast of Sarawak and the developing plan is currently in its final review process,” it stated.

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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: /Business/Business News Corporate News PETRONAS

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 11:40:00

News Timezone: GMT +8:00

News Source URL:

Language: English

Reading Time: 2 minutes read

Article Length: 194 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 7074

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About The Star Business

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Main Topics: Economy

Official Website:

Update Frequency: 36 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 2h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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