Pengerang: A turning point in history

OutSyed the Box Monday, May 14, 2012

OutSyed the Box

The blogger with one of the project's engineers.

A friend and I drove down to Pengerang to attend a special briefing for Bloggers that was arranged by the Malaysian Petroleum Resources Corporation or MPRC to see for ourselves the huge Pengerang Integrated Petroleum Complex.

This is a truly gargantuan project spread over 22,500 acres that was initiated in 2006 by Dialog Berhad, the Malaysian oil and gas services company and now with the involvement of Petronas and Vopak of Holland. I hope to share a few Blogs about this two day visit.

There are always "turning points in history" where humongous events and huge opportunities appear around a nation or a country. If the nation grabs the opportunities, then the history of that nation would have "turned" - it becomes a turning point in history. If they miss the opportunity, then their history simply would not have turned.

Tun Dr Mahathir said the Islamic countries missed the Industrial Revolution. So history did not turn for the Islamic countries. Dr Mahathir did not want Malaysia to miss the IT Revolution as well, hence he created the Multi Media Super Corridor which we take for granted now and which generates so much wealth for Malaysia.

This Pengerang Project that will see initial investments of RM62 Billion (confirmed) and ultimately attract about RM170 billion in investments is going to see a petroleum and petrochemical hub that will generate annual petroleum and petrochemical product sales worth tens of billions of Ringgits. Initially there will be about 10,000 permanent, highly skilled and technical jobs created as well as providing jobs for about 50,000 construction workers who will be busy on this site for the next five to ten years.

Read more HERE.