Aramco has transferred PRefChem ownership to PETRONAS. PRefChem is now fully owned by the buyer, PETRONAS. The deal boosts PETRONAS's operations and supply flexibility, while allowing Aramco to optimize its downstream assets. The parties will also explore crude supply, technology exchange, and distribution cooperation.
Insights / M&A
M&AAramco transfers PRefChem ownership to PETRONAS
Aramco has transferred ownership of PRefChem to PETRONAS, making the Malaysian company the sole owner of the refinery and petrochemical venture, with the parties also to explore crude supply, technology exchange, and distribution cooperation.
