News
03 March 2017

Saudi Aramco buys equity stake of $7 billion in Petronas project

Region:
Asia-Pacific

Oil giant Saudi Aramco and Malaysia’s Petronas announced on Tuesday this week that Aramco will buy a $7 billion equity stake in Petronas’ Refinery and Petrochemical Integrated Development, RAPID. The joint venture is the “largest single downstream investment made by Saudi Aramco...

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