'hengyi industries' Stories

US$9 billion for expansion of Pulau Muara Besar complex New facilities will go online by 2028

March 8, 2023

BANDAR SERI BEGAWAN – Hengyi Industries will sink US$9 billion into the Phase II expansion of the Pulau Muara Besar petrochemical complex, the…

All four districts to operate solar power plants within 5 years Energy ministry eyes Hengyi expansion in 2022 as oil and gas sector expected to increase output

March 22, 2021

BANDAR SERI BEGAWAN — Brunei will build three new solar power plants within the next five years as part of its transition from…

Brunei GDP declines 1.4% in Q4 2020 Oil and gas sector reports negative growth in all four quarters of 2020 but downstream sector maintains positive momentum

March 19, 2021

BANDAR SERI BEGAWAN – The Brunei economy shrank 1.4 percent in the final quarter of last year, ending its run of positive growth…

Brunei’s economic growth slows to 0.5% in third quarter 2020 The downstream sector remains the top performer while the upstream sector reports more revenue losses

January 5, 2021

BANDAR SERI BEGAWAN – Brunei posted a slower economic growth of 0.5 percent in the third quarter of 2020 even as the downstream…

Rising petrochemical exports offset COVID-19 impact as Brunei economy grows 2.8% in Q2 The Brunei economy fared better than expected but aviation and hotel sectors suffer major losses

October 27, 2020

BANDAR SERI BEGAWAN – The Brunei economy grew 2.8 percent in the second quarter of 2020, buoyed by increased exports of petrochemical products…

MoFE: Expansion of Hengyi complex will be ‘significant’ boost to Brunei economy Gov't is near agreement with Hengyi to begin construction on Phase 2 of petrochemical complex

September 29, 2020

BANDAR SERI BEGAWAN – The Brunei government and Hengyi Industries are “very close” to an agreement to begin a multi-billion dollar expansion of…

Hengyi exports $1.22 billion of petrochemical products The second finance and economy minister says the Brunei-China venture has exported to 15 countries

March 14, 2020

BANDAR SERI BEGAWAN – Hengyi Industries has generated $1.22 billion in export revenue since its aromatics plant started production last November, the second…

BSP inks deal to supply crude to new Hengyi refinery Refined fuel products will then be distributed by Brunei Shell Marketing

September 18, 2019

BANDAR SERI BEGAWAN – Brunei Shell Petroleum signed a commercial agreement with Hengyi Industries on Wednesday to supply crude oil to the new…

Hengyi refinery to be operational by end of 2019 Phase 1 is 78% complete, projected to contribute $1.3 billion to Brunei's economy in first year of operation

March 1, 2019

BRUNEI-MUARA – The first phase of Hengyi’s crude oil refinery and petrochemical plant is on track for July completion and will begin operations…

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