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· Chemical Engineering Online
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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?

Petronas acquires Aramco’s stake in PRefChem

This article was originally posted on Chemical Engineering.
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 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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MikeHarlan 2 months ago
Without Aramco’s supply and marketing tie-ins, what does crude sourcing and product offtake look like for PRefChem going forward? If PETRONAS pivots to more Malaysian crudes, does that shift the petrochemical slate or require revamps to maintain margins?

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