News May 25, 2026 Aramco and PETRONAS Announce Transfer of Full Ownership of PRefChem to PETRONAS
Aramco, one of the world’s leading integrated energy and chemicals companies, and Petroliam Nasional Berhad (PETRONAS) today announced the signing of an agreement for the transfer of Aramco’s equity stakes in Pengerang Refining Company Sdn. Bhd. and Pengerang Petrochemical Company Sdn. Bhd. (collectively, “PRefChem”), located within the Pengerang Integrated Complex, Pengera
Source: Saudi Aramco · August 7, 2026 at 1:46 AM · AI-assisted report
JOHOR, 7 AUGUST 2026 —
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Aramco, one of the world’s leading integrated energy and chemicals companies, and Petroliam Nasional Berhad (PETRONAS) today announced the signing of an agreement for the transfer of Aramco’s equity stakes in Pengerang Refining Company Sdn. Bhd. and Pengerang Petrochemical Company Sdn. Bhd. (collectively, “PRefChem”), located within the Pengerang Integrated Complex, Pengerang, Johor to PETRONAS. Subject to customary closing conditions, the transfer will make PRefChem a wholly owned and operated subsidiary of the PETRONAS Group.
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(AI-assisted rewrite, based on the original source) The account here follows reporting by Saudi Aramco, and will be updated as further detail is confirmed.
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