Multi-product Pipeline (MPP) and Trans-Sabah Gas Pipeline (TSGP) Contracts

Criminal Breach of Trust charges and money laundering issues, related to two gas pipeline projects by Suria Synergy Energy Resources Sdn Bhd (SSER) awareded to China Petroleum Pipeline Bureau (CPPB) for contract of RM9.4 Billion

Disclosure Timeline


MPP and TSGP projects, with a total construction cost of RM9.4 billion, were awarded to China Petroleum Pipeline Bureau (CPPB). SSER was paid RM8.3 billion or 88% of the project’s construction value of RM9.4 billion, even though progressive work completion (that has not been audited) is only at 13%. These SSER contracts worth RM9.4 billion have not taken into account cost related to land acquisition, two expert consultancy agreements, and a maintanence agreement; comprising a total additional cost of RM1.7 billion.