“Petronas announced today that its subsidiary, Petronas Refinery and Petrochemical Corporation Sdn Bhd, is set to acquire the stake held by Saudi Arabian Oil Company (Aramco) in Pengerang Refining Company Sdn Bhd and Pengerang Petrochemical Company Sdn Bhd (PRefChem), located within the Pengerang Integrated Complex, Pengerang, Johor.”
“Petronas said it remains steadfast in its commitment to Malaysia’s energy security and to building the international presence and partnerships that will position Malaysia as a progressive energy nation for decades to come.”
“PRefChem is part of the Pengerang Integrated Petroleum Complex (PIPC), a flagship development under the Johor-Singapore Special Economic Zone (JS-SEZ).”
“PIPC is a downstream oil and gas hub accommodating oil refineries, oil storage facilities, petrochemical and petrochemical product manufacturing plants. It spans about 9,269 hectares of land and 25 years of development.”