Chief Minister Datuk Seri Mohd Shafie Apdal witnesses the signing ceremony between POC Sabah CEO Datuk Pang Teck Wai and Burel Industries executive chairman Per N. Brandtzag in Kota Kinabalu March 6, 2019. — Bernama pic
This is the essence of the term sheet signed here today between state-owned POIC Sabah Sdn Bhd, the developer of POIC Lahad Datu, and Burel Industries Sdn Bhd. Speaking at the event, Mohd Shafie said this is indeed good news for Sabah as it is potentially a game-changing investment that will put the state on the world map of petrochemical products.
Burel Industries is a partnership between Swiss, Saudi Arabian, Chinese and Malaysian interests, and the company has secured a long-term supply of naptha from Saudi Arabia.
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