Saudi Aramco is paying $900mn for 50% of PRPC Polymers, a subsidiary of Malaysian state firm Petronas.
The deal appears to be part of a larger agreement signed in February, under which Aramco will spend $7bn to take 50% of the ‘Rapid’ (Refinery and Petrochemical Integrated Development) project under construction at Johor, opposite Singapore. (CONTINUED - 624 WORDS)
