Petronas’ proposed takeover of Aramco’s stake in PRefChem is more than a corporate restructuring exercise — it is a strategic move that strengthens Malaysia’s energy security, giving the national oil company greater control over fuel supply, refining output and crisis response at a time of mounting geopolitical uncertainty
Saudi Aramco is committed to expanding its facilities at the Pengerang Integrated Complex, Johor by adding petrochemical and gas downstream activities for it to become the largest hub in Southeast Asia, said Prime Minister Datuk Seri Anwar Ibrahim.
