Malaysia's Petronas, Saudi Aramco may sign new deal on refinery project

Malaysia's Petronas, Saudi Aramco may sign new deal on refinery project

Malaysia's state oil firm Petroliam Nasional Bhd (Petronas) and Saudi Aramco
are expected to sign an agreement to collaborate in the country's Refinery
and Petrochemical Integrated Development (Rapid) project, two industry
sources said on Wednesday.

Aramco had decided to suspend its partnership with Petronas in the refining
and petrochemical complex in the southeast of the country, according to
sources last month.

The signing is expected to take place on Monday, said one of the sources
with knowledge of the matter who declined to be identified, during a visit
by Saudi Arabia's King Salman to Malaysia.

Saudi Aramco declined to comment and Petronas was not immediately available
for comment.

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Link to Original Article:
http://www.businesstimes.com.sg/energy-commodities/malaysias-petronas-saudi-
aramco-may-sign-new-deal-on-refinery-project

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com