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MALAYSIA OIL/CUTS
RTR4RCI7
26 Feb. 2015
A truck transports oil pipelines to be laid for the... more
MALAYSIA OIL/CUTS
RTR4RCI7
26 Feb. 2015
PENGERANG, Malaysia
A truck transports oil pipelines to be laid for the Pengerang Gas Pipeline Project at an area 40km (24 miles) away from the Pengerang Integrated Petroleum Complex in Pengerang, Johor, February 4, 2015. A collapse in oil prices is making it harder to attract investment in the next phases of a plan to build one of Asia's biggest energy hubs on Malaysia's southernmost tip, a development estimated to be worth over $50 billion. The Pengerang Integrated Petroleum Complex (PIPC) aims to help Malaysia compete with Singapore to become the region's top oil and petrochemicals hub, but the local government body coordinating the project said the environment was now clearly tougher. On the once-sleepy Pengerang peninsular in the southern Johor state, villages have been relocated to make way for storage tanks, refineries and terminals under the almost $30 billion first phase. Picture taken February 4, 2015. REUTERS/Edgar Su (MALAYSIA - Tags: BUSINESS COMMODITIES ENERGY CONSTRUCTION REAL ESTATE)
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