Petronas left hanging by Saudis

MALAYSIA’S state owned oiler Petronas says it will fund a massive $US27 billion ($A35.3 billion) refining and petrochemical project on its own after Saudi Aramco pulled out of a deal to purchase a 50% stake.

Petronas left hanging by Saudis Petronas left hanging by Saudis Petronas left hanging by Saudis Petronas left hanging by Saudis Petronas left hanging by Saudis
The Saudi giant has reportedly decided not to go through with a proposal to take a 50% stake in the Refinery and Petrochemical Integrated Development (RAPID) project, after mulling over the investment