KUCHING, June 24 (Bernama) — The Sarawak State Government through Sarawak Economic Development Corporation (SEDC) yesterday entered into a Land Heads of Agreement (HOA) with PETRONAS, Sarawak Shell Berhad (Shell) and PTTEP HK Offshore Limited (PTTEP) for a longterm lease of land within the Petchem Industrial Park in Tanjung Kidurong, Bintulu, Sarawak. Both the land and Petchem Industrial Park belong to SEDC.
The creation of the Petchem Industrial Park by SEDC in 2020 was to encourage active participation from domestic and international investors, to intensify Sarawak’s downstream oil and gas activities. This is in line with the Sarawak State Government’s aspiration towards becoming a developed state by 2030.
