KUALA LUMPUR, May 28 (Bernama) -- The implications will be enormously positive for Petronas Chemicals Group Bhd (PCG) if Petronas eventually seek full integration of Pengerang Petrochemical Co Sdn Bhd (PPC), as PPC is expected to continue delivering large losses for PCG.
By Siti Radziah Hamzah
KUALA LUMPUR, May 26 (Bernama) -- Petroliam Nasional Bhd’s (Petronas) move to assume full ownership of the Pengerang Integrated Complex’s refining and petrochemical operations from Saudi Aramco could further cement Malaysia’s longer-term ambition of positioning Pengerang as a major regional hub for refining, storage, petrochemicals and trading.
KUALA LUMPUR, May 25 (Bernama) -- Petronas announced today that its subsidiary, Petronas Refinery and Petrochemical Corporation Sdn Bhd, is set to acquire the stake held by Saudi Arabian Oil Company (Aramco) in Pengerang Refining Company Sdn Bhd and Pengerang Petrochemical Company Sdn Bhd (PRefChem), located within the Pengerang Integrated Complex, Pengerang, Johor.
KUALA LUMPUR, May 25 (Bernama) -- Petroliam Nasional Bhd (Petronas) and Saudi Arabian Oil Company (Aramco) today announced the signing of an agreement for the transfer of the latter’s equity stakes, held via Aramco Overseas Company B.V., in Pengerang Refining Company Sdn Bhd and Pengerang Petrochemical Company Sdn Bhd (collectively, PRefChem), located within the Pengerang Integrated Complex, Pengerang, Johor to Petronas.
By Siti Radziah Hamzah
KUALA LUMPUR, March 15 (Bernama) -- As the 2026 Formula 1 (F1) season opened in Melbourne from March 6-8, the sport is facing one of its most complex geopolitical challenges in recent years.
KUALA LUMPUR, March 7 (Bernama) -- Malaysia can capitalise on the large-scale oil supply disruption caused by the conflict in the Middle East by positioning itself as a viable and more reliable energy supplier to customers in Asia, said commentator and scholar in the field of maritime and oil and gas, Nazery Khalid.
By K. Naveen Prabu
KUALA LUMPUR, March 3 (Bernama) -- Crude oil prices may head towards the US$90-US$100 per barrel level following the disruption at Saudi Arabian state-owned oil giant Saudi Aramco’s Ras Tanura plant, analysts say.
ISTANBUL, March 2 (Bernama-Anadolu/Ina) -- An Iranian drone strike targeted Saudi Aramco’s Ras Tanura oil refining facility on Monday, igniting a fire outbreak, Anadolu Ajansi reported, citing media reports.
KUALA LUMPUR, Dec 4 (Bernama) -- Perma-Pipe International Holdings Inc has secured US$52 million in project awards during the third quarter (Q3) of 2025, including US$30 million previously announced in September. (US$1=RM4.11)
KUALA LUMPUR, June 20 (Bernama) -- OMS Energy Technologies Inc (OMS), a manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG), has issued a business update ahead of its inaugural earnings call following its successful Nasdaq listing in May 2025.
KUALA LUMPUR, June 16 -- The Israel-Iran conflict will not necessarily hurt the oil industry or price mechanisms of the commodity, said Prime Minister Datuk Seri Anwar Ibrahim.
KUALA LUMPUR, June 15 (Bernama) – The “Energy Asia 2025” conference, themed “Delivering Asia’s Energy Transition”, from June 16 to 18, will be an opportune moment for Malaysia and the region to take stock of progress made towards energy transition objectives and reinforce national commitments to achieving net-zero goals.
