Aramco to Transfer PRefChem Stakes to Malaysia’s Petronas

PETRONAS, Aramco announce transfer of full ownership of PRefChem to PETRONAS

KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) and Saudi Arabian Oil Company (Aramco) today announced the signing of an agreement for the transfer of the latter's equity stakes, held via Aramco Overseas Company B.V., in Pengerang Refining Company Sdn Bhd and Pengerang Petrochemical Company Sdn Bhd (collectively, PRefChem), located within the Pengerang Integrated Complex, Pengerang, Johor to PETRONAS.

Aramco exits Pengerang JV as Petronas assumes full ownership

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) taking full ownership of the Pengerang Refining and Petrochemical (PRefChem) complex in Johor after signing an agreement with Saudi energy giant Aramco to buy the latter's stakes in the venture.

Aramco to transfer PRefChem stakes to Malaysia’s Petronas

Aramco hands PRefChem control to Malaysia’s Petronas

Saudi Aramco has agreed to transfer its equity holdings in the PRefChem refining and petrochemical joint ventures in Johor, southern Malaysia, to Malaysian state-owned Petroliam Nasional Berhad (Petronas). The equity transfer will end the eight-year-long 50:50 partnership on mutually agreed terms, making PRefChem a wholly owned subsidiary of Petronas, the companies said in a joint statement. The deal is subject to closing conditions. No financia…

PETRONAS to assume full ownership of PRefChem from Aramco

By DayakDaily Team KUCHING, May 25: Petroliam Nasional Berhad (PETRONAS), a progressive energy and solutions partner, and Saudi Arabian Oil Company (Aramco), one of the world’s leading integrated energy and chemicals companies, today 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 Pengeran…

Petronas takes over ownership of PRefChem from Saudi Aramco

Recent developments in the global energy market reflect the need to ensure operational agility for energy infrastructure of strategic national significance, said national oil and gas firm Petronas. PETALING JAYA: Petronas has taken over full ownership of Pengerang Refining Company Sdn Bhd and Pengerang Petrochemical Company Sdn Bhd, collectively known as PRefChem, from Saudi Arabia’s Aramco. In a joint statement, the two oil and gas companies sa…