- May 11, 2022
- Posted by: admin
- Category: Daily News
- A 300,000 barrel-per-day refinery-petrochemical complex in Malaysia run as a joint venture between Petronas and Saudi Aramco has restarted after a more than two-year closure, a source with knowledge of the matter said.
- The complex in Pengerang, Johor, is resuming operations at a time when refining margins in Asia are at record levels, buoyed by a fuel demand recovery as more economies across Asia, except for China, ease COVID-19 restrictions.
- PRefChem was shut in Mar 20 following a deadly fire. Its resumption has been delayed from last year for the entire plant to undergo detailed checks, at a time when fuel demand and refining margins were still being hit by COVID-19 lockdowns.
- The refinery, which restarted last week, is processing existing crude from storage tanks, which will then be followed by supplies from Saudi Aramco, two more sources said.
- It is expected to take some time before operations can return to full rates, the sources said.