Oil & Gas

Saudi Aramco pulls out of Petronas JV – reports

Saudi Aramco news

Saudi Aramco has reportedly shelved plans for a multi-billion-dollar refining and petrochemical joint venture.

The firm had been due to team-up with Petronas, according to sources.

It is not yet clear why the project has been put on hold.

Officials from Aramco were not immediately available to comment on the matter.

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