NEWS:PETRONAS & Saudi Aramco ink US$7 bil deal

The Edge TV
The Edge TV
  • 7 years ago
Oil major Saudi Aramco is buying a 50% stake in PETRONAS’s RAPID project for US$7 bil. Under the deal, Saudi Aramco will supply up to 70% of the crude feedstock requirements of the refinery, while PETRONAS will supply natural gas, power and other utilities.
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