BUSINESSMay 27 · 14:29 UTCSEMAFORDominic Dudley

Aramco offloads 50% stake in Malaysia refinery project

Saudi Aramco is selling its 50% stake in a $7 billion refinery and petrochemicals project in Malaysia to national oil company Petronas. The decision follows evolving strategic priorities, with Aramco seeking to free up funds through asset sales and recent pipeline leasing deals.

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Saudi AramcoorganizationPetronasorganizationMalaysiaplacePengerangplacePRefChemtopicasset salestopicstrategic prioritiestopic

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