Saudi Aramco and Malaysian refinery Petronas are under process of signing a deal to take loan of 8 billion dollar which would partly finance the construction of their joint refining and petrochemical complex in Malaysia. The Malaysian refinery will have the capacity to refine 300,000 barrels of crude per day. It is expected to start up in 2019, producing gasoline, diesel, and feedstock for its integrated petrochemical complex to the tune of 3.5 million tons of products annually. According to Petronas, under the partnership, Saudi Aramco will supply up to 70 percent of the crude feedstock requirements for the refinery, while natural gas, power, and other utilities will be supplied by Petronas.
