Agreements demonstrate Saudi Aramco‘s commitment to South Korea‘s energy security and development, cover ship building, engine manufacturing, refining, petrochmicals, as well as crude supply, sales, and storage.
Saudi Aramco, a world-leading integrated energy and chemicals company; and LANXESS AG, a leading German specialty chemicals company, announced the completion of Saudi Aramco’s acquisition of LANXESS‘s interest in ARLANXEO Holding B.V., a Netherlands-based specialty chemicals joint venture between Saudi Aramco and LANXESS launched in 2016.
PETRONAS and Saudi Aramco launched the corporate identity for their joint ventures in the Pengerang Integrated Complex (PIC) located in Pengerang, Johor, Malaysia, namely Pengerang Refining Company Sdn Bhd (PRefChem Refining) and Pengerang Petrochemical Company Sdn Bhd (PRefChem Petrochemical), collectively known as “PRefChem”.
These Joint Ventures allow the parties equal ownership and participation in the operations of the new refinery and selected petrochemical facility, which is part of the Refinery and Petrochemicals Development (RAPID) project within Pengerang Integrated Complex (PIC) in Malaysia’s southern state of Johor.
Saudi Aramco has entered into a strategic partnership with Petronas Chemicals Group Berhad (PCG) to enhance the value and competitive positioning of its petrochemicals projects within the PETRONAS Pengerang Integrated Complex (PIC) in the southern Malaysian state of Johor.
The Saudi Arabian Oil Company (Saudi Aramco) and Petroliam Nasional Berhad (PETRONAS) today signed a Share Purchase Agreement (SPA), allowing Saudi Aramco’s equity participation in PETRONAS’ Refinery & Petrochemical Integrated Development (RAPID) project in the southern Malaysian state of Johor.