• Upstream
  • Pipelines & Transport
  • Downstream
Monday, September 8, 2025
Oil&Gas Advancement
  • Home
  • News
    Production Sharing Contract of Nigeria

    Production-Sharing Contract of Nigeria with TotalEnergies

    Develop Fields as Tiebacks

    UK May Develop Fields as Tiebacks for Oil & Gas Exploration

    China Russia Gas Pipeline

    China-Russia Gas Pipeline Pact Signed to Deepen Energy Ties

    Live Transmission System to Transport Hydrogen

    SGN Uses Live Transmission System to Transport Hydrogen

    Egypt commits 400m investment

    Egypt Commits $400m Investment to Build a Gas Pipeline

    First Arctic LNG 2 Gas Delivery

    First Arctic LNG 2 Gas Delivery from Russia to China Starts

    Major Energy Deals

    Officials From Russia and The US Discuss Major Energy Deals

    Arctic LNG 2 Project from Russia

    Arctic LNG 2 Project from Russia Achieves Record Gas Output

    US LNG exports

    US LNG Exports Fuel Shale Gas Production Expansion

  • Projects
    Production Sharing Contract of Nigeria

    Production-Sharing Contract of Nigeria with TotalEnergies

    First Arctic LNG 2 Gas Delivery

    First Arctic LNG 2 Gas Delivery from Russia to China Starts

    Major Energy Deals

    Officials From Russia and The US Discuss Major Energy Deals

    Arctic LNG 2 Project from Russia

    Arctic LNG 2 Project from Russia Achieves Record Gas Output

    Yellowtail Field Project

    Saipem Completes Construction of Yellowtail Field Project

    Venture Capital Makes Phenomenal US LNG Investment

    Venture Capital Makes Phenomenal US LNG Investment

    Mabadala Energy Invests in US Natural Gas Market Expansion

    Mabadala Energy Invests in US Natural Gas Market Expansion

    SEWA Implements Natural Gas Network Connection in the UAE

    SEWA Implements Natural Gas Network Connection in the UAE

    Adnoc Gas Expands LNG Supply to India for Decarbonisation

    Adnoc Gas Expands LNG Supply to India for Decarbonisation

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    Cloudera and Aramco Plan to Collaborate on AI driven Digital Innovation in Saudi Arabia

    Cloudera and Aramco Plan to Collaborate on AI-driven Digital Innovation in Saudi Arabia

    Youth-Empowerment at Namibia Oil and Gas Conference 2025

    Namibia Oil and Gas Conference 2025 Announces Future Generations Masterclass in Partnership with the Namibia Youth Energy Forum

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Sinopec Sets New Vertical Well Depth

    Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

    Jubail Asset Integrity

    Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025

    IPTC 2025 Launched: Driving Innovation, Sustainability, and Excellence in Energy

    Ocean Business announces exhibitor list for 2025 show

    Ocean Business 2025 conference programme announced

  • Market Reports
    AI Technology Maturing the Oil and Gas Workforce

    AI & Technology Maturing the Oil and Gas Workforce

    HDPE Market in Oil and Gas

    HDPE Market in Oil and Gas: Trends and Global Forecast

    Top 5 Oil and Gas Sector Trends that are Active in 2025

    Oil-and-Gas-Analytics

    Oil and Gas Analytics Market Growth Trends and Forecast

    Gas-Transportation

    Transport Capacity – Key to Gas Sector Growth in India

    Offshore-Drilling

    Namibia Showcases its Offshore Drilling Activities

    Global-Oil

    Demand for Global Oil to Grow to Almost 104 mb/d in 2025

    ExxonMobil to sell Norway upstream operations for $4.5 billion

    ExxonMobil completes acquisition of Pioneer Natural Resources

    Ithaca Energy unit to acquire Chevron’s Central North Sea assets

    ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition

  • Events
  • Contact Us
No Result
View All Result
Oil&Gas Advancement
No Result
View All Result
Home Downstream

Aramco partners with Petronas to enhance value of PIC petchem projects in Malaysia

in Downstream, News, Petrochemicals
Share on FacebookShare on Twitter

Saudi Aramco has entered into a strategic partnership with Petronas Chemicals Group Berhad (PCG) to enhance the value and competitive positioning of its petrochemicals projects within the PETRONAS Pengerang Integrated Complex (PIC) in the southern Malaysian state of Johor.

Â

The partnership marks a strategic, mutually beneficial relationship that will provide PIC with high-impact strengths and synergies from both Saudi Aramco and PCG.

Under the terms of the venture’s share purchase agreement (SPA), signed between PCG and Saudi Aramco’s Aramco Overseas Holding Cooperatif U.A. (AOHC) subsidiary, the parties have equal ownership in PRPC Polymers Sdn Bhd (PRPC Polymers) within PIC.

Â

The signing of this agreement with PCG is another positive milestone for Saudi Aramco after the signing of the SPA with PCG’s parent company Petronas during Custodian of The Two Holy Mosques King Salman’s visit to Malaysia last February.

Â

The agreement was signed by Saudi Aramco VP International Operations, Said Al-Hadrami and PETRONAS VP and PCG Managing Director / Chief Executive Officer, Datuk Sazali Hamzah.

Â

“This venture leverages the historic partnership between Saudi Aramco and PETRONAS that was recently sealed during the visit of the Custodian of The Two Holy Mosques King Salman to Malaysia. Given PCG’s strength in the region’s petrochemicals sector, Saudi Aramco is proud to be entering into a deeper, mutually beneficial partnership in PIC.” said Saudi Aramco VP International Operations, Said Al-Hadrami.

Â

He added: “This agreement strengthens Saudi Aramco’s position and growth in South East Asia through crude supply and world-scale downstream operations. Through this venture, we will also achieve a high degree of integration between refining and petrochemicals, with petrochemicals production greater than 10% of crude intake. It is also in tandem with our downstream growth strategy where we are investing in a global refining and petrochemicals system of strategically located world-scale manufacturing complexes with participated refining capacity of several million barrels per day.”

Â

PETRONAS VP and PCG MD/CEO, Datuk Sazali Hamzah said: “The petrochemicals projects in PIC is one of the largest growth projects for PCG and PETRONAS’ largest downstream investment on a single site to date. The signing of this Agreement is truly a momentous milestone for the industry as it brings together two key leaders in petrochemicals, entering into a partnership in a world-scale greenfield project. We are proud to be joining hands with Saudi Aramco, a world leader in integrated energy and chemicals with an unrivalled track-record in mega-project execution and efficiency.”

Â

Referencing its petrochemicals projects in PIC, Sazali said: “As at August 2017, the PIC development is at about 75% overall project progress and the first petrochemical production is expected to commence after the completion of the refinery, which is scheduled in 2019. The petrochemicals projects within the PIC are currently progressing as planned.”

Â

“We are putting a lot of effort into PIC readiness. By 2020, our petrochemicals projects under PIC will provide a strong foundation for us to move into derivatives and specialty chemicals. Beyond 2020, PCG will also focus on assessing opportunities in downstream derivatives and specialty chemicals at Pengerang, Kertih, Gebeng and East Malaysia.”

Previous Post

ExxonMobil Continues to Increase Acreage Position in Permian Basin

Next Post

Richmond provides largescale rollers for Nigerian pipeline project

Related Posts

Production Sharing Contract of Nigeria
Gases

Production-Sharing Contract of Nigeria with TotalEnergies

September 8, 2025
Develop Fields as Tiebacks
News

UK May Develop Fields as Tiebacks for Oil & Gas Exploration

September 8, 2025
China Russia Gas Pipeline
Gases

China-Russia Gas Pipeline Pact Signed to Deepen Energy Ties

September 8, 2025
Live Transmission System to Transport Hydrogen
Europe

SGN Uses Live Transmission System to Transport Hydrogen

September 6, 2025
Egypt commits 400m investment
News

Egypt Commits $400m Investment to Build a Gas Pipeline

September 4, 2025
First Arctic LNG 2 Gas Delivery
Gases

First Arctic LNG 2 Gas Delivery from Russia to China Starts

September 1, 2025
Next Post

Richmond provides largescale rollers for Nigerian pipeline project

LatestNews

Develop Fields as Tiebacks
News

UK May Develop Fields as Tiebacks for Oil & Gas Exploration

September 8, 2025
China Russia Gas Pipeline
Gases

China-Russia Gas Pipeline Pact Signed to Deepen Energy Ties

September 8, 2025
Live Transmission System to Transport Hydrogen
Europe

SGN Uses Live Transmission System to Transport Hydrogen

September 6, 2025
Egypt commits 400m investment
News

Egypt Commits $400m Investment to Build a Gas Pipeline

September 4, 2025
First Arctic LNG 2 Gas Delivery
Gases

First Arctic LNG 2 Gas Delivery from Russia to China Starts

September 1, 2025
Major Energy Deals
News

Officials From Russia and The US Discuss Major Energy Deals

September 1, 2025

About Us

Oil & Gas Advancement is a specialized platform delivering latest news and industry insights for the global oil and gas sector. Featuring market intelligence, expert opinions, events and updates, it serves as a trusted and strategic resource for industry stakeholders navigating energy transitions.

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack

System

  • Search
  • Site Map
  • RSS Feed
  • Upstream
  • Pipelines & Transport
  • Downstream

© 2025 Copyright Valuemediaservices 2025 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Whitepapers
  • Press Releases
  • Market Reports
  • Events
  • Contact Us

© 2025 Copyright Valuemediaservices 2025 All rights reserved.