MALAYSIAN REFINERY SLATED FOR STUDY

Conoco Inc. and Malaysia's Petroliam Nasional Bhd. (Petronas) have signed a letter of intent to study the feasibility of adding 100,000 b/d of sour crude refining capacity to a site at Malacca. The companies plan an 8-10 month engineering study that could lead to a joint venture refinery project. The sour crude unit is the second phase of Petronas' planned $2.8 billion integerated refinery complex. Construction of the unit could begin as early as 1994 with start up sometime in 1997.

May 24, 1993

Conoco Inc. and Malaysia's Petroliam Nasional Bhd. (Petronas) have signed a letter of intent to study the feasibility of adding 100,000 b/d of sour crude refining capacity to a site at Malacca.

The companies plan an 8-10 month engineering study that could lead to a joint venture refinery project.

The sour crude unit is the second phase of Petronas' planned $2.8 billion integerated refinery complex. Construction of the unit could begin as early as 1994 with start up sometime in 1997.

Petronas is building a 100,000 b/d sweet crude unit at the site, scheduled for completion in 1994.

Petronas has seen numerous partners pull out of the project, including Samsung Co. Ltd. and Idemitsu Kosan Co. Ltd. (OGJ, Jan. 11, Newsletter).