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Cooperation Agreement Signing Ceremony.
2008-02-09


Representatives from the signing parties.



The Brunei Methanol Consortium signed a Cooperation Agreement with BEDB on 9th February 2008 at the Sheraton Hotel Brunei. The Cooperation Agreement is a BEDB initiative where the BEDB and the Brunei Darussalam Methanol Consortium will collaborate to deliver quantifiable social and economic benefits to Brunei Darussalam.

The principal objectives of the Cooperation Agreement among others are to develop a meaningful and sustainable human resource strategy to promote and maximise the employment and participation of Bruneians in the plant, aiming to employ a minimum of 90 percent locals out of its total number of workforce at the start of commercial operations and increasingly thereafter.

Another key aspect of the agreement is in ensuring that the promotion and development of technology transfer programmes for the Bruneian staff and employees of the methanol plant are implemented in relation to the production, manufacturing, business and other related activities of the project.

The BEDB's role under this agreement is to provide full support to assist and facilitate the Methanol project in securing investment incentives, utility supplies and infrastructure necessary for the realisation of the project.

 
 
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