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Petronas acquires Aramco’s stake in PRefChem

This article was originally posted on Chemical Engineering Online.
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Summary
PETRONAS has signed an agreement to acquire Aramco’s equity stakes in PRefChem—the Pengerang Refining Company and Pengerang Petrochemical Company—located in the Pengerang Integrated Complex, Johor, Malaysia. The transfer of Aramco’s stakes to PETRONAS is subject to customary closing conditions.

What opportunities or risks do you foresee for PRefChem and the broader Pengerang Integrated Complex as PETRONAS consolidates ownership?

 Petroliam Nasional Berhad (PETRONAS; Kuala Lumpur, Malaysia) and Aramco (Dhahran, Saudi Arbia) announced the signing of an agreement for the transfer of Aramco’s equity stakes in Pengerang Refining Company Sdn. Bhd. and Pengerang Petrochemical Company Sdn. Bhd. (collectively, PRefChem), located within the Pengerang Integrated Complex, Pengerang, Johor to PETRONAS. Subject to customary closing conditions, the […]

The post Petronas acquires Aramco’s stake in PRefChem appeared first on Chemical Engineering.

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