KUALA LUMPUR (March 28): Shell Refining Company (Federation of Malaya) Bhd said its new diesel processing unit is 73% complete and is expected to be commissioned by year-end.
Sepaking after its annual general meeting on Wednesday, its chairman Anuar Taib said the new 6,000 tonnes per day diesel processing unit, which cost RM810 million, will allow the company to vary feedstock options and is expected to improve refining margins.
He said the company's profitability this year would depend not only on crude oil prices, but the prices of oil processed products.
Sepaking after its annual general meeting on Wednesday, its chairman Anuar Taib said the new 6,000 tonnes per day diesel processing unit, which cost RM810 million, will allow the company to vary feedstock options and is expected to improve refining margins.
He said the company's profitability this year would depend not only on crude oil prices, but the prices of oil processed products.
