Tuesday, October 23, 2007

Oil & gas prospects in NCER

Liaw Thong Jung from Aseambankers Investment Bank said that the oil & gas projects under the NCER program will be centred in 3 key areas in Kedah – ZIPY, ZIPKOP and Tanjung Dawai.

These privately-funded projects, with investment values reaching RM83b, are anchored by several key players for:
(i) oil refinery,
(ii) oil storage,
(iii) oil transportation and
(iv) offshore fabrication projects.

These high-impact onshore oil & gas projects could have positive spillover effects on service providers in the oil & gas industries. The construction sector could also benefit from infrastructure works.

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