PECD To Bid For US$1 Bln Oil/Gas Refinery Projects In Sudan
Malaysia’s Construction-based PECD Bhd is now in talks with an international partner to bid for oil and gas refinery projects in Sudan worth US$1 billion, said its group managing director Ramli Ahmad.
PECD already has a presence in Sudan and is currently constructing a marine export terminal located in Port Sudan on the Red Sea coast.
Once completed, the marine export terminal will handle the delivery and export of crude oil through a 1,400-kilometre 32-inch diameter crude oil pipeline from the central processing facilities located at the field.
"The oil and gas refinery projects are close to our current project in Sudan," Ramli said, but he declined to give details on the international partner.
On the progress of the marine export terminal, he said 90 percent of the contribution from the project would be recognised in the company’s current financial year ending Dec 31, 2005.
Going forward, PECD was also looking at India for property development projects, especially in New Delhi, Mumbai, Bangalore and Pune, Ramli said.
The projects that PECD is currently bidding for included an EPCC job in the oil and gas field in Syria and an office building project in Sudan.
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