Published — Monday 8 January 2018

RIYADH: Malaysian Prime Minister Najib Razak, who arrived here Monday, will hold wide-ranging talks with King Salman and other high-ranking Saudi officials on Tuesday. On his arrival here at the airport, the Malaysian prime minister was received by Prince Faisal Bin Bandar, governor of Riyadh region.
“Prime Minister Najib is on a five-day official visit to the Kingdom to follow up King Salman’s visit to Malaysia that took place early this year,” said Amirulhusni Sahar, a spokesman of the Malaysian embassy. The spokesman said that “the Malaysian premier is scheduled to hold consultations also with Crown Prince Mohammed Bin Salman, deputy premier and minister of defense, during his visit.”

This is a follow up on Saudi King's visit to Malaysia early this year

Saudi Aramco to buy $7 billion stake in Petronas' RAPID refinery project

KUALA LUMPUR (Reuters) - Saudi oil giant Aramco will buy an equity stake in Malaysian firm Petronas’ major refining and petrochemical project, the companies said on Tuesday, pumping in $7 billion in its biggest downstream investment outside the kingdom.

The deal will boost Aramco’s downstream business ahead of a planned initial public offering next year and also bolsters Malaysia’s state-controlled Petroliam Nasional Bhd - known as Petronas - after it cut spending because of the slump in oil prices.

In a joint statement, the firms said Aramco will take a 50 percent stake in select ventures and assets in the Refinery and Petrochemical Integrated Development (RAPID) project developed by Petronas.

The deal signing was witnessed by Malaysian Prime Minister Najib Razak and Saudi King Salman, currently on a state visit to Malaysia - the first in over a decade.

“Malaysia offers tremendous growth opportunities and today’s agreement further strengthens Saudi Aramco’s position as the leading supplier of petroleum feedstock to Malaysia and Southeast Asia,” Aramco Chief Executive Officer Amin Nasser said.

“With RAPID’s strategic location in a prolific hub, it would also serve to enhance energy security in the Asia-Pacific region.”

Petronas’ Chief Executive Officer Wan Zulkiflee Wan Ariffin told reporters Aramco will take a 50 percent stake in RAPID’s refinery and cracker project.

Aramco will supply up to 70 percent of the crude feedstock requirement of the refinery, with natural gas, power and other utilities to be supplied by Petronas.

“To my knowledge, it is the largest single downstream investment made by Saudi Aramco outside the kingdom,” said Sadad al-Husseini, a former Aramco executive.

RAPID, part of the Pengerang Integrated Complex (PIC) in the southern Malaysian state of Johor, will contain a 300,000 barrel-per-day oil refinery and a petrochemical complex with a production capacity of 7.7 million metric tonnes. The total development cost has been estimated at $27 billion.

Like neighboring Singapore, Malaysia’s Pengerang peninsula sits between the Malacca Strait and the South China Sea, through which almost all the Middle East oil and gas bound for northern Asia’s industrial powerhouses of China, Japan and South Korea is shipped.

Petronas on Tuesday said almost 60 percent of the PIC development is complete, and that it is on track for refinery start-up in 2019.

NEARLY THREE YEARS IN THE MAKING

Petronas CEO Wan Zulkiflee said the idea for a partnership on RAPID was first mooted in 2014 when he met the then Aramco Chief Executive Khalid al-Falih, now the Saudi energy minister, in Geneva.

Sources had told Reuters in January that Aramco had pulled back from a planned partnership with Petronas on RAPID over concerns about returns from the project.

But the deal was back on within a month in time for King Salman’s visit to Malaysia.

“We started negotiations three years ago. There was not any plans to break out of the agreement... From the beginning we came with the intention to stay,” Aramco CEO Nasser said on Tuesday.

The Aramco investment comes as a relief for Petronas which has cut expenditures in the past year as oil prices have slumped from over $100 a barrel in 2014. In early 2016, Petronas said it would cut spending by up to 50 billion ringgit ($11.27 billion) over the next four years. Dividends to the government coffers have also been slashed.

Saudi Energy Minister Falih echoed Nasser’s comments, saying Saudi Arabia would use the Malaysian investment as a platform to other investments in southeast Asia.

“We will encourage the private sector of Saudi Arabia to come and look at Malaysia as an investment for its own market and also to address the needs for the broader region,” he said.

Reporting by Emily Chow

 

Note:

Aramco will buy an equity stake in Malaysian firm Petronas’ major refining and petrochemical project, the companies said on Tuesday, pumping in $7 billion in its biggest downstream investment outside the kingdom.

 

Aramco will buy an equity stake in Malaysian firm Petronas’ major refining and petrochemical project, the companies said on Tuesday, pumping in $7 billion in its biggest downstream investment outside the kingdom.

 

Aramco will take a 50 percent stake in select ventures and assets in the Refinery and Petrochemical Integrated Development (RAPID) project developed by Petronas.

 

“Malaysia offers tremendous growth opportunities and today’s agreement further strengthens Saudi Aramco’s position as the leading supplier of petroleum feedstock to Malaysia and Southeast Asia,” Aramco Chief Executive Officer Amin Nasser said.

 

“With RAPID’s strategic location in a prolific hub, it would also serve to enhance energy security in the Asia-Pacific region.”

 

Aramco will supply up to 70 percent of the crude feedstock requirement of the refinery, with natural gas, power and other utilities to be supplied by Petronas.

 

To sum it up these are the salient factors:

 

1) Saudi Aramco will pump in USD7 Billions (Rm28 Billions) into Pengerang's RAPID

 

2) This is the single biggest downstream investment outside Saudi Arabia.

 

3)  Malaysia offers tremendous growth opportunities for Saudi as a supplier of petroleum feedstock to Malaysia and to South east Asia.

 

4) RAPID is a strategic location in a prolific hub.

 

5) Aramco will supply 70% of  crude feedstock. Petronas will provide natural gas, power and other utilities

 

NOW YOU KNOW WHY CALVIN TURNS BULLISH ON MPHBCAPITAL?

 

MPHBCAPITAL OWNS 1,800 ACRES OF PRIME LANDS LOCATED JUST 30 METERS ACROSS THE 14 KILOMETER PETRONAS RAPID REFINERY IN PENGERANG.

 

THE HOLDING COST OF THESE LANDS ARE ONLY 82 SEN PSF

 

AND READ POINT NO. 4 AGAIN VERY VERY CAREFULLY

 

 

 

""""4) RAPID is a strategic location in a prolific hub."""

 

So we can also say

 

"""MPHBCAP's 1,800 ACRES ALSO LOCATED "IN A STRATEGIC LOCATION IN A PROLIFIC HUB""""""

 

SO IT IS NO WONDER THAT MPHBCAPITAL DIRECTORS ARE BUYING ANG BUYING UP MPHBCAP SHARES LIKE NO TOMORROW

 

 

MR KUAH HUN LIANG	21-Dec-2017	Acquired	100,000	1.210
MR KUAH HUN LIANG	18-Dec-2017	Acquired	50,000	1.230
MR KUAH HUN LIANG	14-Dec-2017	Acquired	50,000	1.250
TAN SRI DATO' DR YAHYA BIN AWANG	05-Jul-2017	Acquired	15,000	1.590
DATO LIM TIONG CHIN	29-Feb-2016	Acquired	49,400	1.460
DATO LIM TIONG CHIN	26-Feb-2016	Acquired	160,000	1.480
DATO LIM TIONG CHIN	06-Oct-2015	Acquired	130,000	1.440
DATO' LIM TIONG CHIN	13-Apr-2015	Others	4,650,000	0.000
TAN SRI DATO' SURIN UPATKOON	03-Apr-2015	Others	230,883,993	0.000
NG KOK CHEANG	22-Dec-2014	Acquired	100,000	0.000
TAN SRI DATO' DR YAHYA BIN AWANG	14-Oct-2014	Acquired	30,000	0.000
TAN SRI DATO' SURIN UPATKOON	27-Aug-2014	Disposed	4,000,000	0.000
DATO' LIM TIONG CHIN	26-Jul-2014	Acquired	3,145,000	0.000
DATO' LIM TIONG CHIN	26-Jul-2014	Acquired	1,015,000	0.000
KUAH HUN LIANG	26-Jul-2014	Acquired	73,400	0.000
TAN SRI DATO' SURIN UPATKOON	26-May-2014	Acquired	1,027,700	0.000
TAN SRI DATO' SURIN UPATKOON	18-Apr-2014	Acquired	2,408,300	0.000
TAN SRI DATO' SURIN UPATKOON	16-Apr-2014	Acquired	1,925,500	0.000
TAN SRI DATO' SURIN UPATKOON	14-Apr-2014	Acquired	2,346,100	0.000
TAN SRI DATO' SURIN UPATKOON	12-Mar-2014	Acquired	3,000,000	0.000
TAN SRI DATO' SURIN UPATKOON	11-Mar-2014	Acquired	2,910,000	0.000
TAN SRI DATO' DR YAHYA BIN AWANG	11-Mar-2014	Acquired	20,000	0.000

 

 

NOTE:

 

DIALOGUE IS ALREADY MAKING SO MUCH MONEY PROVIDING STORAGE FACILITY IN RAPID THAT IT HAS RUN OUT OF PRECIOUS LAND SPACE IN PENGERANG.

 

SO DIALOGUE HAS RENTED LANDS FROM JCORP IN TG LANGSAT FOR ITS STORAGE TANKS

 

See

 

 

 

SO THESE TOP SECRET UNDERVALUE LANDS OF MPHBCAP ARE NOW THE BEST KEPT SECRET FROM ANALYSTS OR MEDIA!!

 

ONCE KNOWN TO THEM MPHBCAP'S PRICES WILL NO LONGER REMAIN SO CHEAP ANYMORE!!!