(Bloomberg) -- Trans-Peninsula Petroleum Sdn., the
developer of a $7 billion pipeline across Malaysia, is in talks
to sell some of the venture to Middle Eastern oil producers to
help them bypass one of the world's busiest trade routes.
Overseas oil companies may own 70 percent and local
investors 30 percent, Syed Izhar, deputy chairman of Trans-
Peninsula, said in a telephone interview in Kuala Lumpur. Foreign
investors will have a bigger stake because they will be the
pipeline's users, he said.
Read more at Bloomberg Energy News
developer of a $7 billion pipeline across Malaysia, is in talks
to sell some of the venture to Middle Eastern oil producers to
help them bypass one of the world's busiest trade routes.
Overseas oil companies may own 70 percent and local
investors 30 percent, Syed Izhar, deputy chairman of Trans-
Peninsula, said in a telephone interview in Kuala Lumpur. Foreign
investors will have a bigger stake because they will be the
pipeline's users, he said.
Read more at Bloomberg Energy News
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