Malaysia finally scraps US$3bil China-backed pipeline plans | TheStarTV.com

Malaysia finally scraps US$3bil China-backed pipeline plans

Published on 10 Sep 2018 9:57:08 PM

Malaysia has finally scrapped three China-backed pipeline projects after halting work on them. According to Bloomberg, a finance ministry spokesperson has confirmed that. The plans comprised of two oil and gas pipelines that cost more than $1 billion each as well as a $795 million pipeline that would link the state of Malacca to a refinery and petrochemical plant in the state of Johor,

Read more at https://www.thestar.com.my/business/business-news/2018/09/10/malaysia-finally-scraps-us$3bil-china-backed-pipeline-plans/#1vL8e9ehdbl3lwSc.99

Keywords
pipeline projects, lim guan eng, bloomberg, scrap, cancel, finance

Malaysia has finally scrapped three China-backed pipeline projects after halting work on them. According to Bloomberg, a finance ministry spokesperson has confirmed that. The plans comprised of two oil and gas pipelines that cost more than $1 billion each as well as a $795 million pipeline that would link the state of Malacca to a refinery and petrochemical plant in the state of Johor,

Read more at https://www.thestar.com.my/business/business-news/2018/09/10/malaysia-finally-scraps-us$3bil-china-backed-pipeline-plans/#1vL8e9ehdbl3lwSc.99

Keywords:
pipeline projects, lim guan eng, bloomberg, scrap, cancel, finance

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