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- More updates this morning on the PIPC redirect, including continued trademark claims.
- The PIPC soon stepped in and renegotiated the contract to account for the difficulties caused to Hayes by the unforeseen circumstance of war.
- To ensure the successful development of PIPC, a dedicated Malaysian Federal Government agency known as Johor Petroleum Development Corporation Berhad ( JPDC ) was established.
- The USD 3 Billion facility includes an independent terminal for trading, a dedicated industrial terminal for consumption of investors within PIPC and a Liquefied Natural Gas Terminal.
- The other component of PIPC is the Petronas Pengerang Integrated Complex ( PIC ) which is touted to be PETRONAS largest downstream investment in a single location to date.