Signing of Commercial Agreements

The construction of Brunei Fertilizer Industries, BFI, plant over a 55-hectare site Sungai Liang Industrial Park, SPARK, is expected to be one of the largest fertilizer factory in Southeast Asia region. The full commercial operations is expected to be ready by 2021. Awang Haji Khairuddin bin Haji Abdul Hamid, Permanent Secretary for Investment at the Ministry of Finance and Economy, in his capacity as Director of Permai was speaking during the Signing of Commercial Agreements between the company, Brunei Fertilizer Industries, BFI and Brunei Shell Petroleum Company Sdn Bhd, BSP. The signing ceremony was held yesterday morning at the Empire Hotel and Country Club in Jerudong.

Awang Haji Khairuddin said that the BFI fertilizer plant is a flagship economic project and part of wider efforts by the Government of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam to revitalise and diversify its economy by extending further the value chain of its energy sector by developing capabilities in export-oriented downstream industries.

The signing ceremony was witnessed by Yang Berhormat Dato Seri Setia Doctor Awang Haji Mohd Amin Liew bin Abdullah, Minister at the Prime Minister's Office and Second Minister of Finance and Economy. Signing the agreements were Awang Haji Khairuddin; Mr. Mohammed S.Baderkhan, Chief Executive Officer of BFI and Mr. Yap Kong Fah, Acting Managing Director of BSP. Also present were Dato Seri Paduka Awang Haji Matsatejo bin Sokiaw, Deputy Minister of Energy, Manpower and Industry. Under the agreements, BSP will supply Point 5 trillion cubic feet, TCF, of natural gas to BFI over the next 20 years to support downstream industrial development in the country.

Source: Radio Television Brunei

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