KUALA LUMPUR — Malaysian state-owned Sabah Oil & Gas Development Corp. has signed an agreement with London-based Gibson Shipbrokers Ltd. to develop oil and gas facilities in the Southeast Asian nation's Sabah state.

The oil and gas facilities will be developed at the Sipitang Oil and Gas Industrial Park in Sabah, and will include the construction of a jetty, onshore hydrocarbon storage terminals and a floating power plant, according to a statement from Gibson Shipbrokers.

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