State-owned Saudi Aramco is forming a joint venture with its Malaysian counterpart Petronas to build a refinery in southern Malaysia.
March 28, 2017 at 01:57 PM
1 minute read
The original version of this story was published on Global Lawyer News
White & Case and Shearman & Sterling are assuming the lead roles on a $7 billion investment by state-owned Saudi Arabian Oil Co., known as Saudi Aramco, into its Malaysian counterpart Petroliam Nasional Bhd., or Petronas.
In a deal signed in February during Saudi Arabian King Salman Bin Abdulaziz Al Saud’s state visit to Malaysia, Saudi Aramco agreed to buy a 50 percent stake in a joint venture with Petronas to build a refinery and petrochemical project in southern Malaysia’s Johor state.
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