Aramco’s Rapid entry benefits selected companies - Business News - News Summed Up

Aramco’s Rapid entry benefits selected companies - Business News


According to analysts, these companies will include Dialog Group Bhd, Petronas Chemicals Group Bhd (PetChem) and Petronas Gas Bhd (PetGas). For one thing, the Petronas-Aramco partnership could potentially result in higher demand for tank terminals and deepwater marine facilities in the PDT. According to a source, the potential investments into tank terminals in the PDT include an expansion of the existing independent tank terminals owned by the Pengerang Independent Terminal (SPV1), by an additional one million cubic metres. “Dialog Group has successfully completed SPV 1 and the construction of SPV 2 is progressing within schedule. As for Petronas’ group of companies, such as PetChem and PetGas, the gain from Petronas-Aramco partnership could come from new potential business opportunities on the back of Aramco’s clout.


Source: The Star March 04, 2017 01:02 UTC



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