Aramco exits Malaysian downstream JV with PETRONAS

Saudi Arabian Oil Company (Aramco) and Petroliam Nasional Berhad (PETRONAS) have signed an agreement to transfer Aramco’s equity stakes in Pengerang Refining Company Sdn. Bhd. and Pengerang Petrochemical Company Sdn. Bhd. — collectively known as PRefChem — to PETRONAS, ending a downstream partnership in Malaysia that began in 2018. Subject to customary…

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