WSJ said the entry of Saudi Aramco into the project would be a coup for Petronas. Both Petronas and Saudi Aramco declined to comment on the matter, said the paper. Saudi Aramco, a state-owned oil company and the world’s largest crude oil exporter, produce one in every eight barrels of the world’s supply, according to its website. Further, the report said Saudi Arabia is expected to partially list Saudi Aramco, as part of an economic transformation to contend with the prolonged drop in oil prices. Dividends from the state-owned oil company Petronas are forecast to fall to RM13 billion next year, from RM16 billion this year and RM29 billion in 2014.

Source: New Strait Times October 28, 2016 03:00 UTC