Pada hari raya tahun ini ada saudara mara yang bercerita tentang ramai orang di Pengerang bakal jadi orang kaya kerana Petronas hendak membuka sebuah kompleks penapisan minyak dan gas di sana.
Adakah ini peluang aku untuk mohon kerja Petronas.haha.Sekarang basic salary untuk engineer mereka bagi RM4.5 K..Aku selalu dapat email job notification dari Petronas sebab pernah mendaftar semasa baru mula mencari kerja.Bila aku tanyakan kepada isteri samada boleh tidak aku mohon kerja di Petronas dia balas boleh cuba.
Kedudukan Pengerang itu memang ala-ala hujung dunia.Sekarang ini jadual kerja aku agak teratur.Tidak perlu kerja lebih masa.Pagi sebelum pergi kerja hantar anak ke taska dan balik kerja aku ambil anak di taska.Sabtu Ahad aku free.Kalau aku kerja di Petronas,bolehkan aku menikmati masa tenang seperti sekarang.Chewah..macam dapat sahaja… Mohon pun tak lagi.Apabila sudah berkeluarga banyak faktor kena dipertimbangkan..
Petikan kata-kata dari super senior sekolah :
“As I became more senior, I realised that I will have less time for myself and allocate more time for the company,” he says.
So semalam aku suka-suka klik submit online application…Aku sempat tengak profile dalam sistem..ada satu ruang dalam profile tersebut yang tertanyakan soalan..Do you have any relatives working with Petronas…Mesti sesiapa yang ada saudara sedang bekerja dengan Petronas dapat markah lebih untuk dipilih ke temuduga..Siapa yang hendak jadi pengurus dengan gaji RM17K pergilah mohon dengan Petronas..
Petronas to help develop Pengerang, Teluk Ramunia
JOHOR BAHARU: Petronas will take the lead in developing
Pengerang and Teluk Ramunia, in South East Johor, into the region’s oil and gas hub.
Prime Minister Datuk Seri Najib Tun Razak said although Petronas and its partners have invested in the hub, the government would provide the necessary infrastructure facilities.
“It will be Petronas’s investment with international partners, the government can look into the infrastructure support but the actual investment will be borne by Petronas and its partners.
“It (Pengerang and Teluk Ramunia as an oil and gas hub) will be a major development, it will serve the entire Asia Pacific region,” he told reporters after opening Asiaflex Products Sdn Bhd in Tanjung Langsat, near Pasir Gudang here today.
The 150 million euro plant, owned by french-based Technip, is designed to construct high-technology flexible pipe and umbilical used by the deepwater oil and gas fields in Asia Pacific and the Middle East.
The Prime Minister also said Technip’s decision to locate its plant in Malaysia proved that the country was recognised as a hub for deepwater oil and gas hubs in the Asia Pacific region.
“We are already considered as a hub,” he said, adding that with the implementation of the National Key Economic Areas for oil and gas, Malaysia would be a major hub for the industry.
The 20-hectare plant would be the only plant which would produce flexible pipe and umbilical in Asia Pacific, fulfilling orders from China and major oil and gas companies like ConocoPhilips.
Najib also said Technip was impressed with the local workforce quality which
was at par with the very best in the world.
“The performance of our workers has impressed Technip,” he said.
Petronas Chief Executive Officer Datuk Shamsul Azhar Abbas, who was also present during the press conference, said the development of Pengerang and Teluk Ramunia as a major regional oil and gas hub was progressing well.
Also present were Menteri Besar Datuk Abdul Ghani Othman, Chief Executive Officer of Technip Thierry Pilenko and President of Technip Malaysia Bernard Di Tullio.
On Ireland’s banking crisis and its possible repercussion on the Malaysian economy, Najib, who is also Finance Minister, said the crisis could have a worldwide impact and not only on Malaysia.
But, he said the situation in Ireland was being contained at the moment.
He also said a strong recovery in the United State’s economy would help Malaysia because many factories and multinationals in this country were geared towards exporting their products to the United States.
“So, if there is a big external demand and we are a major trading nation (with the US), it certainly will help a few percentage points in terms of Gross Domestic Product growth,” said the Prime Minister.
Petronas to announce RM50bil complex in Johor
PETALING JAYA: Petroliam Nasional Bhd (Petronas) will announce on Friday plans to invest around RM50bil in an integrated downstream oil and gas complex in Pengerang, Johor, reliable sources said.
Dubbed Rapid or Refinery And Petrochemical Integrated Development, the project is aimed at building something “larger than Kertih” and will eventually include multinational oil and gas companies as joint-venture partners.
The integrated development will not only include oil refining and petrochemical activities, but include a gas power plant and other “supportive industries” said sources.
Rapid is a project identified in the Economic Transformation Programme (ETP), which is led by the Performance Management & Delivery Unit (Pemandu).
One of the reasons why Pengerang was chosen is because its waters can reach depths of more than 20m, which is what is needed for very large crude carriers (VLCC) and ultra large crude carriers.
The Johor government will be a joint-venture partner of the project and will provide the land.
Sources indicate that Petronas’ Rapid project complements plans for the RM5bil independent deepwater petroleum terminal in Pengerang, which is to be the first deepwater terminal in South-East Asia.
The terminal is a tankage facility for handling, storing, blending and distribution of crude oils and petroleum products with marine facilities capable of handling VLCCs.
Part of the thinking behind Rapid was to replicate what Singapore has already done successfully, sources said. Singapore’s oil refining businesses only started around 10 years ago.
Singapore has an export refining capacity of 1.3 million barrels per day, compared with Malaysia’s 560,000 barrels per day, according to the ETP roadmap.
Singapore Refining Company Pte Ltd, which operates a refinery on Jurong Island, is capable of processing 290,000 barrels of crude oil per day.
Other major refineries in Singapore include ExxonMobil’s refinery in Jurong that process about 605,000 barrels of crude per day and Shell’s Pulau Bukom Refinery with some 500,000 barrels of crude oil per day.
Plans for Petronas to develop Johor’s Pengerang into a sizeable force in the oil and gas (O&G) space are not new.
Last November, the Government said Petronas would play a major role in the development of Johor’s south-east areas of Teluk Ramunia and Pengerang into a O&G hub in the region.
It was then said that the investments in the hub would come from Petronas and its international partners and the investments would bring major development into Johor’s south-east areas and could turn Teluk Ramunia and Pengerang into a new Kertih.
Petronas chief executive officer Datuk Shamsul Azhar Abbas confirmed then that Petronas was talking with several international investors to invest in Teluk Ramunia and Pengerang.
Once a sleepy fishing village in Terengganu, Kertih is now a thriving township due to O&G related activities with Petronas as the main driver in the O&G sector there.
The Petronas Kertih Refinery is the national oil company’s first oil refinery in Malaysia, and processes 49,000 barrels of Malaysian light, sweet crude oil per day.
In total, Petronas owns and operates four refineries (three in Malaysia and one in South Africa) with a total refining capacity of more than 448,000 barrels per day.
The Government had also said then that while the investments would come from Petronas and its partners, the Government was looking into allocating money for infrastructure developments in the areas.
Another aspect of the oil and gas thrust in the ETP (and which is linked to the Rapid project) is for Malaysia to venture into the lucrative area of oil trading. Singapore accounts for hundreds of billions of oil trading every year, an area of business that is virtually absent in Malaysia.
According to the ETP roadmap, Singapore, by 2007, had built a significant trading business worth more than RM1 trillion in physical oil trade and RM2 trillion in derivative trade.
Sources said the Government may consider providing additional incentives to attract oil trading firms to be located in Johor.
Pengerang oil and gas complex to benefit Petronas Chemicals
PETALING JAYA: Petronas Chemicals Group Bhd will undoubtedly benefit from parent company Petroliam Nasional Bhd’s (Petronas) plan to build a US$20bil integrated downstream oil and gas complex in Pengerang, Johor.
Analysts expect the company to be a key beneficiary, although it has yet to confirm its participation in the project.
CIMB Research said in a report yesterday that the plan would provide great growth potential for Petronas Chemicals, similar to what the latter had achieved at its largest facility at Kertih.
“Although the management has not clearly stated whether it is expanding in Johor, this plan is likely to be an expansion of the new naphtha-based petrochemical complex that the company talked about previously,” CIMB Research said, adding that Petronas Chemicals could invest US$1.5bil to US$2bil in the project.
JP Morgan said in a report this month that the development was positive for Petronas Chemicals as it would provide feedstock for the company to expand its Malaysian capacity further.
“We think this is important because for most Asian petrochemical producers, feedstock availability is the main bottleneck to expanding capacity significantly over the next three to five years.
“The new ethylene capacity would be three times Petronas Chemicals’ existing capacity and because it is based on naphtha, it will have the capability to produce profitable products like butadiene as well,” it said.
Petronas Chemicals has previously announced a three-year expansion plan that can add 30% capacity by 2015. The plan includes a downstream expansion to enhance margins, urea and ammonia plants with one million tonnes per annum capacity, and a new naphtha-based petrochemical complex.
The plans were likely to be finalised by next year and should be adequately funded with the company’s net cash which stood at RM5bil now, said CIMB Research.
The research house said Petronas Chemicals would report strong fourth-quarter earnings for the financial year ended March 31 (due to be out tomorrow), with a growth of 36% quarter-on-quarter and 34% year-on-year.
The better earnings will be driven by higher margins on all of its products, improved petrochemical product prices (owing to higher oil prices) and a smaller increase in costs, especially ethane cost which is relatively fixed due to contracts.
It maintains an “outperform” call on the stock and said the share price was likely to be re-rated for its strong earnings in the fourth quarter and improved fundamentals, both short term (due to higher oil price and rising volume) and long term (its expansion plans and industry margin improvement post-2011 due to the industry upcycle).
“The stock remains attractive, given its superior growth profile and profitability. We continue to apply a calendar year 2012 EV/EBITDA (enterprise value/earnings before interest, taxes, depreciation and amortisation) of 10 times to the stock, leading to an unchanged target price of RM10,” it said.
Meanwhile, ECM Libra Investment Research said in a report on Monday that Petronas Gas Bhd was an attractive buy with a target price of RM14.14. It implies a 19.4 times price-to-earnings ratio due to potential earnings upside from its liquefied natural gas (LNG) re-gas facility to be ready mid next year in Malacca.
“New earnings would be from transportation and re-gasification service agreement or the agreement alone,” it said.
ECM Libra said with the plant adding some 20% to Petronas Gas’ current transportation volumes, net profit could grow by 10% from transportation alone. As for re-gasification charges, revenue from that segment alone would amount to RM330mil based on an estimated price of RM2 per million British thermal units.
OSK Research also said in a report recently that Petronas Gas could be an indirect beneficiary of gas subsidy cuts, given that the move would make it more palatable for Petronas to import LNG via the former’s terminal for transmission around Peninsular Malaysia.