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Petronas Unit Defers Upgrade Due To Product Price Uncertainty

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21 views1 page

Petronas Unit Defers Upgrade Due To Product Price Uncertainty

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Scriptlance 2012
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Petronas unit defers upgrade

due to product price


uncertainty
By Reuters
October 10, 201311:36 AM GMT+7Updated 11 years ago
KUALA LUMPUR, Oct 10 (Reuters) - Malaysian state oil firm Petronas said
on Wednesday a refining unit in the southern state of Melaka has deferred
a planned upgrade of a lube base oil plant due to the uncertain outlook for
product prices.

The refining unit, Petronas Penapisan (Melaka) Sdn Bhd, produces mostly
Group III base oil, used to make automotive and industrial lubricants.

The retrofit would have increased production capacity, currently at about


270,000 tonnes a year, by around 15 percent by 2017, Petronas said in a
statement.

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Reporting By Siva Sithraputhran; Editing by Richard Pullin

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