Media Centre

KUALA LUMPUR (April 20): Johor Petroleum Development Corp Bhd (JPDC) has secured committed investments of more than RM5 billion in the second phase of its Pengerang Integrated Petroleum Complex (PIPC) amid the recovery post Covid-19. As of April 6, 2023, committed investments in phase two of PIPC amounted to RM5.05 billion versus JPDC’s 2021 target of attracting RM5 billion worth of investments to the development which spans between 2020 and 2025. Acting chief executive Izhar Hifnei Ismail said the agency is currently facilitating and assisting several prospective investors in their feasibility studies toward establishing their downstream oil and gas and petrochemical businesses in PIPC.

PETALING JAYA: Johor Petroleum Development Corp Bhd (JPDC) has secured committed investments of more than RM5 billion in the second phase of its Pengerang Integrated Petroleum Complex (PIPC) amid the post-Covid-19 recovery. As at April 6, committed investments in phase two of PIPC amounted to RM5.05 billion versus JPDC’s 2021 target to attract RM5 billion worth of new investments between 2020 and 2025.

Kuala Lumpur, 9 March, 2023 — The Malaysian Investment Development Authority (MIDA) and the Johor State Government have successfully organised the Invest Series: Unfolding States 'Business Potential' - Johor programme to showcase the untapped investment opportunities in the state. The event which took place at MIDA Headquarters, attracted 400 participants, including captains of industry, government officials, entrepreneurs and senior managements from various sectors.

11 November 2022, Kuala Lumpur – Johor Petroleum Development Corporation Berhad (JPDC) and OPITO have jointly commenced a program to prepare up to ten public technical and vocational education and training (TVET) institutions in Malaysia to receive global accreditation as training institutions for the downstream oil and gas industry. The accreditation program will run until end of 2023 with funding from the Economic Planning Unit (EPU) of the Prime Minister’s Department.