Consortium to invest RM10bil in PIPC next year
KULAI: The on-going multibillion ringgit Pengerang Integrated Petroleum Complex (PIPC) continues to attract strong interest from domestic and foreign players in the oil and gas (O&G) sector.
Johor International Trade, Investment and Utilities Committee chairman Jimmy Puah Wee Tse said it would receive a major investment of estimated at RM10bil early next year.
“The investment comes from a consortium of few countries involved in the O&G related activities,’’ he told a press conference last Saturday.
Puah, who is also Bukit Batu assemblyman, said this after presenting Deepavali hampers to 100 recipients from the low-income families Taman Putri community hall near here.
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