It said on Thursday Sinopec Engineering had received the letter from PRPC Refinery and Cracker Sdn. Bhd., a subsidiary of Petroliam Nasional Bhd for an engineering, procurement, construction and commissioning contract.
The contract involves one package of an oil refining and petrochemical integrated engineering project at Pengerang, Johor.
“The relevant parties are in the process of finalising and executing the contract. The contract value is expected to be approximately US$1.329bil.
“KNM Process System Sdn Bhd (KNMPS) has been cooperating with Sinopec Engineering on the bidding process and it has been agreed that KNMPS is a selected subcontractor to Sinopec Engineering for the execution of the contract,” it said.