HENGYI Industries participates in the Oil and Gas Sector Job Fair 2014 at BRIDEX International Convention Centre in Jerudong. The annual event is organised by the Energy Department of the Prime Minister’s Office. The objective of this job fair is to promote local employment opportunities within the oil and gas industry and stimulate local business development as well as increase ‘local content’ within the oil and gas sector.
Hengyi Industries is among one of the companies that showcases an informative booth displaying the company’s profile, local business development activities as well as Universiti Brunei Darussalam and Zhejiang University scholarship programmes. There was also a video fly-through simulation of the refinery and a huge model of Pulau Muara Besar highlighting the different phases of development of Hengyi’s petrochemical plant.
Hengyi Industries has signed a joint venture agreement with His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam’s Government to develop a US$4 billion refinery and Aromatics Cracker Plant at Pulau Muara Besar.
The Phase One of the project is expected to create about 780 job opportunities. Phase One is scheduled to begin as soon as possible once all conditions for construction are met. Upon completion of Phase One, the facility will be able to produce petroleum products such as gasoline, diesel, Jet A-1 fuel and petrochemical products such as paraxylene and benzene, which will help extend the value chain of the oil and gas sector in Brunei.