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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

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...

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