sure up today...

kalau consolidate 10 to 1..lepas tu mesti terbang jugak...

tomorrow mesti huat...

All the Punjabi investor celebrating Vaisakhi today..hence lesser volume

any update on the merger with SHH?

ramai seller ...today 40 possible ke?

Their involvement in Rapid is almost confirmed la..why worry

no power

AT Asiapac apa immediate TP

sini xde staff ranhill ke..come la give some insight

en tomok...mana announcement...

huat arrr...

Big name dealing with O&G, power n utilities...RM1.00 not justified, must at least match its IPO price...

mari hantam kuat2 on monday

Given its exclusive licence from the Minister of Energy, Green Technology and Water to provide “source-to-tap” water supply services to end-customers in the entire state of Johor, and its 30-year concession to lease water infrastructure from Pengurusan Aset Air Bhd (PAAB), Ranhill should benefit from the rapid development in Iskandar Malaysia and the Petronas RM60bil RAPID project in Pengerang.

Their water division, accounts for more than 50% of the group’s earnings, is one of the beneficiaries of the high profile Iskandar Malaysia development and the RM60bil RAPID project.

up up summore

RAPID Project...

Petronas approves US$27b Pengerang Integrated Complex
Posted on 4 April 2014 - 05:40am

PETALING JAYA: Petroliam Nasional Bhd (Petronas) has approved the final investment decision (FID) of US$27 billion (RM88.6 billion) for the development of the Pengerang Integrated Complex (PIC) in southern Johor, which comprises a world scale Refinery and Petrochemical Integrated Development (Rapid) and associated facilities.

Rapid is estimated to cost US$16 billion, while associated facilities will involve an investment of about US$11 billion.

Petronas' president & group CEO Tan Sri Shamsul Azhar Abbas said: "The FID is a critical stage gate in our decision making process. Petronas undertook a rigorous review of the project, including independent third party assessments to ensure it meets our criteria for long-term profitable and sustainable growth. This decision is in line with our commitment to capital discipline, and with the board's approval we look forward to progressing the development of the project as planned."

"We will continue to work closely with the federal and Johor state governments to ensure the project's smooth implementation. In a relatively condensed period of time, we have accomplished a lot of work in establishing an excellent base to move forward with confidence to implement our plans."

Following the decision by Petronas, partners' respective FIDs will be announced in due course upon the approval of their respective boards.

The PIC is scheduled to commence construction upon the full hand-over of the project site to Petronas by the state government.

Based on the current progress, the project is poised for its refinery start-up by early 2019, nearly more than a year later than the fourth quarter of 2017 target stated earlier.

The project is expected to further strengthen Petronas' position as a key player in the Asian chemicals market, focusing on key growth areas of differentiated and specialty chemicals and capturing the growing automotive, pharmaceutical and consumer products sectors.

Domestically, the PIC will contribute towards meeting the growing demands for petroleum products and Euro 4M and Euro 5 specification fuels.

Developed within a 6,242-acre site, the PIC will consist of a 300,000 bpd refinery and a petrochemical complex with a combined capacity of producing 7.7 mtpa of various grades of products including differentiated and specialty chemicals products such as synthetic rubbers and high grade polymers.

The project will also see the development of a host of associated facilities i.e. the raw water supply facility, power co-generation plant, LNG regasification terminal and other ancillary facilities.

At the peak of its construction, the PIC Project is expected to have a workforce of about 70,000 people with varying skills and disciplines. In its operational stage, the PIC will require over 4,000 employees.

The PIC is part of the larger Pengerang Integrated Petroleum Complex (PIPC) proposed and promoted by the Johor state government.

Petronas said, with its strategic location along one of the world's busiest shipping lanes and its proximity to international trading hub, the PIPC is well positioned to be the next regional downstream oil and gas industrial hub.

saadhalim the real halim saad of sumatec ke...hi hi...

Petronas Carigali awards 5-year deal to 4 contractors
Posted on 8 January 2014 - 05:41am

sunbiz@thesundaily.com
Print

PETALING JAYA (Jan 8, 2014): Petronas Carigali Sdn Bhd, the upstream arm of Petroliam Nasional Bhd (Petronas), has awarded a five-year umbrella contract for design and engineering services works for its facilities to four local engineering services contractors, which include Perunding Ranhill Worley Sdn Bhd (PRW).

Interestingly PRW was in the news July last year, when Petronas' suspension of its licence for a week led to the deferment of a plan to list affiliate Ranhill Energy & Resources Bhd on the local stock exchange. The suspension Ranhill Energy had said, was to do with PRW's work on Petronas Gas' regassification plant project in Malacca.

In reinstating PRW's license, it was reported that only licensing for upstream activities was obtained. It could not be immediately determined if licensing for downstream activities has also been reinstated since then.

PRW is majority owned by Ranhill Bhd's president and CEO Tan Sri Hamdan Mohamad, who was fined by the Securities Commission in November last year for failing to disclose of the suspension of PRW at the material time.

Petronas said the five year umbrella contract, which commenced in September 2013, was awarded to Technip Consultant (M) Sdn Bhd, PRW, RNZ Integrated (M) Sdn Bhd and MMC Oil & Gas Engineering Sdn Bhd.

The scope of the contract covers domestic upstream oil and gas engineering services including front end engineering design and detailed design works.

During the contract period, Petronas Carigali will conduct closed competitive bidding among the four contractors to select the most technically capable and commercially attractive bidder that meets its specified scope of work and project requirements.

current price still far from their proposed IPO price ...mission not accomplished yet...

Ranhill core biz water, power, O&G..price will go up

govt projects

Calvin....you are very confident, i like it, but can u give more convincing facts than your usual flowery story.....

calvin, any indication on the cash payout

sounds good

still got hope la..if not this year then next year...

btw any idea on its warrants issue?

1 st round earn..2nd round kantoi....greed.

tomok where is ur 60c

going further down...

will the mother goes down when OR is traded?

sylvesterling...am only quoting oswald's comment

looks like everyone is into O n G

high volume ..any news

i supposed anything linked to govt is good..sama2 makan

Announcement of Private placement by FELDA

http://klse.i3investor.com/servlets/staticfile/222881.jsp

yup...if cliq is not performing, so is sona...just like astro n aax

any updates from the AGM

why cliq drop so much...

share split

down teruk ler

low volume today

in msia, the old oil palm trunks are left to rot on the ground, although it is not good for the new trees

expexcted income from oil biz RM1B ....dasyat

hantam kuat2

last trading day for OR tomorrow...hopefully can sell a bit higher

any idea on the Right Issue price?

i mean 1,000 lot, it is 4 for 2 = 2 for 1

if we buy 1,000, we got additional 2,000 = 3,000, free warrants only if we subscribe to the rights...offer price for rights is RM0.10, considering rights trade on 11/6 at RM0.10, hence 0.10 + 0.10 + mother = 0.20++
itu macam ka?