Saudi Aramco has completed the discussions on investment of 7 billion dollar in Petronas’ Refinery and Petrochemical Integrated Development (RAPID) project at Pengerang in southern Malaysia. Saudi Aramco had earlier in February 2017 signed a deal with Petronas for a 50% stake in the Rapid project.
RAPID, it comprises of a refinery, cracker and downstream petrochemical complex, is part of Petronas’ Pengerang Integrated Complex (PIC) based in Johor.
