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ConocoPhillips, Eastman Chemical To Invest $5.35 Billion In Malaysia - Report

KUALA LUMPUR -(Dow Jones)- ConocoPhillips (COP) is expected to make an additional $5 billion investment to ramp up its operations in Malaysia, the New Straits Times daily reported Saturday citing Malaysia's Prime Minister Najib Razak. The oil giant had invested $1.5 billion so far in three deepwater blocks offshore of Sabah state where production will start next year and hit a peak of 300,000 barrels of oil a day by 2016, the daily reported. The paper also reported that Eastman Chemical Co. (EMN) is looking to increase its investment by $350 million on its polyester plastics plant in Pahang state. Newspaper website: http://www.nst.com.my -By Kuala Lumpur bureau; Dow Jones Newswires; 603-2026-1233; djnews.kldowjones.com

Stock News for Conocophillips (COP)
DateTimeHeadline
01/29/201519:50:29Correction to ConocoPhillips Loss Story
01/29/201519:21:08Royal Dutch Shell Posts Rise in Profit, to Cut Spending -- 4th...
01/29/201511:39:09Phillips 66 Profit, Revenue Top Expectations--Update
01/29/201509:02:06Phillips 66 Profit Tops Expectations
01/29/201508:11:36MARKET SNAPSHOT: U.S. Stocks Poised To Bounce Back As Ford Drives...
01/29/201507:56:01ConocoPhillips Records Loss, to Further Slash Capital Budget
01/29/201507:50:49MARKET SNAPSHOT: U.S. Stocks: Ford, McDonald's Up As Futures...
01/29/201506:21:10MARKET SNAPSHOT: U.S. Stocks: Futures Up Ahead Of Ford Results...
01/21/201505:30:23BHP Flags Write-Downs
01/21/201501:52:16BHP Flags Write-Downs in Petroleum Business -- Update
01/20/201517:41:14BHP Flags Write-Downs in Petroleum Business
01/02/201508:06:27Linn Energy Cuts Oil, Gas Budget by 53%; Slashes Dividend
12/17/201418:38:36Marathon Oil to Cut Capital Spending in 2015
12/10/201409:25:23BP to Book $1 Billion in Restructuring Charges -- 2nd Update
12/10/201405:12:06BP to Book $1 Billion of Restructuring Charges -- Update
12/09/201409:17:53Brent Crude Hits Five-Year Low -- Update
12/09/201404:48:53Brent Crude Hits Five-Year Low
12/08/201418:54:55U.S. Stocks Down
12/08/201418:51:53Correction to U.S. Stocks Story
12/08/201418:51:25U.S. Stocks Edge Lower

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