KUALA LUMPUR: Petronas and Saudi Arabia's state-owned oil company Saudi Aramco have launched the corporate identity of their joint ventures in the Pengerang Integrated Complex (PIC) in Pengerang, Johor. The joint ventures are the Pengerang Refining Company Sdn Bhd (PRefChem Refining) and Pengerang Petrochemical Company Sdn Bhd (PRefChem Petrochemical), collectively known as “PRefChem”. According to a press statement issued by Petronas, the refinery complex and cracker is now 96.54 per cent complete while the petrochemical facilities has achieved 84.8 per cent completion. "This integrated partnership marks a visionary move by two professionally-run national oil companies where both are able to leverage on each other’s strengths and share technical capabilities as well as experiences for mutual benefit. "I am proud that we are amongst the pioneer of national oil companies partnering with one another to ensure better positioning for both organisations in an increasingly competitive market,” said Petronas president and group CEO Tan Sri Wan Zulkiflee Wan Ariffin.

Source: The Star May 15, 2018 07:41 UTC