Malaysian-based Petronas has plans to build a 400,000 b/d oil and gas refinery in the southern state of Johor, Malaysia.

The company plans to invest $16.7bn in the construction of the new refinery which will involve building petrochemical facilities, a gas power plant and other supportive industries.

Dialog has a 51% stake in the project while the Johor state government has a 10% interest and Royal Vopak, Dialog’s joint-venture partner in this project, holds the remaining stake.

The state government of Johar will provide land for the facility under a 60-year lease.

Petronas owns and operates four refineries with a total refining capacity of more than 448,000 b/d.

Three refineries are located in Malaysia and one in South Africa, reports Platts.