Saudi Aramco stands by Malaysia mega-refinery, Petronas says


Dateline 2019-09-20, Nikkei Asian Review:

Malaysia’s state oil company Petronas said on Friday that recent attacks on a key Saudi oil facility will not affect Saudi Aramco’s $7 billion investment in a refinery complex in the southern state of Johor.

Saudi Aramco acquired a 50% stake in the Rapid project’s refinery and cracker plants in 2017, agreeing to supply up to 70% of the crude feedstock for the refinery operations, which are scheduled to begin commercial production later this year.

“We do not foresee any impact on supplies to Rapid from Saudi Aramco,” Petronas President and CEO Wan Zulkiflee Wan Ariffin told reporters in Kuala Lumpur.

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This entry was posted on Tuesday, November 19th, 2019 at 6:47 am and is filed under oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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