https://www.thestar.com.my/business/business-news/2018/03/28/petronas-and-saudi-aramco-set-up-two-rapid-joint-ventures/

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) and Saudi Aramco, the national oil company of Saudi Arabia, have announced the formation of two joint-ventures for the Refinery and Petrochemical Integrated Development (Rapid) project, which is part of the Pengerang Integrated Complex (PIC) in Johor, Malaysia.

In its joint statement today, the companies said, the strategic alliance was a historic partnership between two of the largest and most successful national oil companies in the world, bringing together the resources, technologies, experience, expertise and commercial presence. “These joint-ventures allow the parties equal ownership and participation in the operations of the refinery, cracker and selected petrochemical facilities in Rapid.

“Through this collaboration, Saudi Aramco would supply 50% of the refinery’s crude feedstock requirements with the option of increasing to 70%, while natural gas, power and other utilities would be supplied by Petronas and its affiliates,” the statement said.

It said both companies would also share the rights to offtake the production of the joint-ventures on an equal basis.

“The PIC project is currently 87% completed, and is expected to be on track for refinery start-up in the first quarter of 2019,” it said.

Petronas executive vice president and chief executive officer downstream, Datuk Md Arif Mahmood, said PIC has been an amazing journey for Petronas.

“This fast-track integrated development has reached peak construction this year, and it will be moving into pre-commissioning and commissioning activities soon,” he said.

He said the partnership with Saudi Aramco was the result of the collective effort of key stakeholders in the two governments in addition to the two companies.

“We welcome Saudi Aramco’s participation and look forward for a successful joint venture,” he said.

Arif said that once operational, Rapid would strengthen Petronas’ ability to be flexible and reliable in meeting customers’ needs and also bolster the company’s position as the largest glycol and polypropylene producer, as well as the second largest high-density polyethylene and isononanol producer in Southeast Asia.

Saudi Aramco downstream senior vice president, Abdulaziz Judaimi, said the agreement strengthened Saudi Aramco’s position and growth in Southeast Asia through crude supply and world-scale downstream operations.

“Through this venture, we will also achieve a high degree of integration between refining and petrochemicals, with petrochemicals production will be more than 20% of crude intake.

“It is also in tandem with our downstream growth strategy where we are investing in a global refining and petrochemicals system of strategically located world-scale manufacturing complexes with participated refining capacity of eight to ten million barrels per day,” Abdulaziz said.

He said that the partnership with Petronas would also pave the way for future collaborations between the two companies.

PIC is located on 2,525 hectares and is about 400km south of Kuala Lumpur, forming part of the 8,903 ha Pengerang Integrated Petroleum Complex project.

Apart from the refinery, cracker and the petrochemical facilities, PIC also includes the development of associated facilities, namely a co-generation plant, an LNG re-gasification terminal, raw water supply plant, deep-water terminal, air separation unit as well as centralised and shared utility facilities. - Bernama

Amboi KUAT!!!!! Like

Amboi hari Dow koyak mcm ni x drop pun Resilient

Dah yakin belum?

Yg tahu dah ambil big positions da u pandai pandai

will potentially boost Brahim’s FY17-18 earnings by 117% to RM21.5m or 9.1 sen/share,

PETRONAS ARAMCO RAPID

RAPID catering contract slower a bit jer stil on

We believe securing Rapid catering contract and kitchen facility rental waiver (which have yet to be reflected in our earnings forecasts) will trigger a re-rating catalyst for Brahim’s. Once materializes, we believe these two contracts will potentially boost Brahim’s FY17-18 earnings by 117% to RM21.5m or 9.1 sen/share, based on our assumptions.

X beli x ape jgn jual sementara tunggu announcement hebat

Lihat big quece to buy ade la ia nampak mcm no lah?

Yg disebut sebut RAPID catering game changer for Brahims

Amboi breakout lagi Amboi

Amboi amboi cantik

U think coincidence ke ni ARAMCO news dgn price jump?

Apa so so? So what? Do u even know anything about sykt ni? Duh

Halal catering for ARAMCO RAPID

https://www.thestar.com.my/business/business-news/2018/03/20/talk-on-aramco-us$7b-investment-in-rapid-project-done/

HouSaiLeiTrader

Terlanjut analisa tak?

I x kira I hentam jer dan ni pun x drop much pun

Belakang mesti ade cerita

U jantan? Klu jantan berani dabble in dangerous stock ni

Support by pp for pp

Ni ka dikatakan dangerous stock?

x uma nyata la politik cable yg amat power

Private placement yg dikatakan harga 42 sen

Byk yg dibeli x byk dijual

Malahan nampk accumulation lagi

Betul hari tu cuma accumulated 17m klu nak jual pun all sold dah pagi tadi

Support by pp

Over the past 12-months, Brahim’s share price fell as much as 55.7%, from 74.5 sen.

50 sen ni breakout tuju langit trend

Dah fell dah dari 2.70 dulu

Kini trendi tuju langit

Pilihan raya umum soon

Halal catering for ARAMCO RAPID

Also Singapore SAT

Juga KTM

RAPID catering dan pp

Ada support

Support for pp

Jon

Financial modelling so common nowadays

Tak dpt ke sapnrg dan auditors bikin sensitivity studies on all scenarios utk taksir goodwill and use yg most reasonable?

U sendiri pun ada byk bikin assumptions projections in u punya share valuations

So org lain bikin assumptions projections valuations tak tepat no reliable u seorg jer punya assumptions projections dan valuations yg bolih pakai?

Hebat!

*RAPID

Sekali dpt REACH catering kontrak fly tuju langit

X risau sykt nak bikin pp harga ka disupport x drop la

Must be RAPID catering contract

RAPID pun kan complete anytime

Yg convincing % beli tinggi

Nampak not technical rebound

Must b RAPID catering contract

bjgdila123 ape cerita? Do tell TQVM

Ni bukan main naik lagi
Dpt RAPID catering contract ke ni??
RAPID pun kan complete anytime kan?

TekSeng kerja presiden US on solar panels

Aluminium Besi pun kan turut mcm Tek Seng

Semua mati mangsa Trump

T7 ni like semua cerita angan angan je can tahan a crash ke? Terus crash below 50 cent again pagi esok

Yg real master sifu maestro xda gerakan gerakan dgn nama nama bombastic. Ikut hati je

Panjang lebah u tulis I think keep it simple je