Operations at the Oil Refinery and Petrochemical Plant at the Pulau Muara Besar industrial site, scheduled to begin this year, are expected to gain more benefits from the aspects of economic security with the expansion of the product networks from oil and gas resources. According to the Minister of Energy (Energy and Manpower) and Industry, the plant operations will generate economic spin-offs from the aspect of demands for products and services to support the industry at Pulau Muara Besar.

Yang Berhormat Dato Seri Setia Doktor Awang Haji Mat Suny bin Haji Mohd Hussein made the speech this morning during the discussion session with members of the Legislative Council at Hengyi Industries Sendirian Berhad, Pulau Muara Besar Industrial Site. Yang Berhormat said the downstream project currently carried out is the construction of an oil refinery and petrochemical plant with a processing capacity of 175-thousand barrels of oil per day. This is the largest project in the country to date and it will also become the second largest oil refinery plant in the ASEAN region. The development of downstream industries in general is one that has been planned to be further developed by the ministry. The effort is critical as the sector in general and the project, in particular will generate new employment opportunities for the citizens of Brunei Darussalam. The plant is expected to start operations this year with an estimated 1 thousand 600 job opportunities for the phase alone. 50 percent of the opportunities is targeted to be filled by locals with an increase of 5 percent every year at all levels. This among other matters will help to make a reality of the desire to unite and shape locals to manage and head the country's industrial sectors.

Earlier, the Legislative Council delegation visited Western Food and Packaging Sendirian Berhad at Serasa Industrial Site. The company is one of the examples of foreign investment companies operating in the country and exporting products produced at the industrial site. This is the target of the Ministry of Energy (Energy and Manpower) and Industry to attract more foreign investment companies that can generate added value in the country, not only from the aspect of contributions to the Gross Domestic Product and export value, but also to generate spin-off product opportunities and capacity building from the aspect of knowledge, expertise and technology that can be gained by local enterprises.

Source: Radio Television Brunei