Malaysia's Petronas, Saudi Aramco to sign agreement during Saudi King's visit
Reuters
Published Feb 24, 2017 10:24
Malaysia's Petronas, Saudi Aramco to sign agreement during Saudi King's visit
KUALA LUMPUR (Reuters) - Malaysia's state-owned oil firm Petroliam Nasional Bhd (Petronas) and Saudi Aramco
"During His Majesty King Salman's visit, we will be signing a number of new agreements and memorandums of understanding. One of these will involve two of our largest state-owned companies, Saudi Aramco and Petronas," read the statement. No further details on the agreement were given.
Reuters reported earlier this week that Petronas and Aramco are expected to sign an agreement to collaborate on a 300,000 barrel-per-day oil refinery and petrochemical complex in Malaysia's southern state of Johor that is valued at $27 billion (£22 billion).
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Written By: Reuters
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