Aramco, Petronas deal facing technical issues

Aramco, Petronas deal facing technical issues
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Riyadh - Mubasher: Saudi Aramco and Malaysian state energy company Petronas are facing technical issues in finalizing the Saudi company's $7 billion investment in a refinery project.

The deal will be completed soon, according to the Malaysian state news agency Bernama, which Reuters cited on Saturday.

The government is giving room to Petronas and Saudi Aramco to resolve several technical issues related to the investment agreement, said Malaysian ministerAbdul Rahman Dahlan

Saudi Aramco agreed in February, during Saudi King Salman’s visit to Malaysia, to buy a $7 billion stake in the Refinery and Petrochemical Integrated Development (RAPID) project in the southern state of Johor.

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Source: Mubasher

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