AGP Executive Report
Last update: 8 hours agoPetrochemical Expansion: Honeywell will supply process technology and engineering for Hengyi Industries’ Phase II expansion on Pulau Muara Besar. The project includes major hydrocracking and aromatics facilities and is expected to lift the complex’s crude-processing capacity to about 20 million tonnes a year. Hengyi has also set a target of employing 50% Bruneians in the expansion workforce. King’s Cup: Brunei has replaced Bahrain in next month’s four-team tournament in Thailand, joining the hosts, Oman and Tajikistan. Trade and Investment: Brunei and India reviewed ways to expand bilateral trade at their third Joint Trade Committee meeting, while Brunei’s non-oil and gas sector now contributes 55% of GDP, up over the past decade. Regional Supply Links: Singapore and Brunei have signed a pact to strengthen essential-goods supply resilience; the two countries also agreed to recognise each other’s halal certificates. Oil Exports: A report found refineries in India, Türkiye and Brunei shipped €1 billion in oil products to countries sanctioning Russia in September, up 43% from August; it did not specify Brunei’s share.
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