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Saudi Aramco takes equal stake in Petronas refinery for US$7b

It will also supply up to 70% of the crude feedstock requirements of the plant in south Johor
Wednesday, March 1, 2017 - 05:50

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Mr Nasser says the investment further strengthens the NOC's position as the leading supplier of petroleum feedstock to Malaysia and South-east Asia.

Kuala Lumpur

SAUDI Aramco will own 50 per cent of the refinery and cracker components of Petronas's Refinery & Petrochemical Integrated Development project (Rapid) and supply up to 70 per cent of the crude feedstock requirements of the refinery following its US$7 billion investment in

sentifi.com

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