Common Contracts
1 similar Pipeline Construction Agreement contracts
T a n k e r sPipeline Construction Agreement • June 13th, 2007
A key agreement was signed last week between Malaysian, Indonesian and Saudi Arabian firms to build a pipeline that will by-pass the Strait of Malacca. The pipeline is intended to divert 20% of oil through Malaysia’s northern states of Kedah, Perak and Kelantan, across Malaysian mainland. The estimated cost of the project is US $ 7 billion and completion is expected in 2014. The 2 mbpd pipeline will have a 60 million barrel storage capacity and is planned to be partially operational by 2011 and upgraded after four or five years to 6 mbpd of throughput and 180 million barrels of storage capacity.
