Intelligence Node · AI-09
Weekly AI Briefing
Product procurement from PETRONAS Refineries is on plan, but rising third-party import share and Singapore HSFO logistics costs are quietly compressing landed cost economics.
PETRONAS Refineries (Melaka + Pengerang) supplied 82% of FY25 product volume; the remaining 18% came from third-party imports via Singapore. Procurement realised RM 142M in negotiated savings across freight, additives and lubricant base oils. A Tier-2 transport contractor has emerging credit stress signals.
Diversifying 5% of MOGAS imports to Korean and Vietnamese refiners under term contracts should take 90 days and shave ~US$ 1.20/bbl off blended landed cost while reducing Singapore single-source exposure.
Sources · Internal ERP + Bloomberg + AI scrape