Dateline 2011-12-23:
Petronas is in talks with several global oil majors including Shell (RDSa.L) and Exxon Mobil (XOM.N) to develop petrochemical plants within its $20 billion refinery complex in southern Malaysia, two sources with direct knowledge of the matter said.
Malaysia’s national oil company is also talking to Japanese firms Itochu Corp (8001.T) and Mitsubishi Corp (8058.T) as well as to Dow Chemical Co (DOW.N) — the largest U.S. chemical maker — as it seeks to tap surging Asian demand and diversify its earnings, the sources told Reuters
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Wata - Malaysian Oil and Gas Engineer 