PETALING JAYA: The final terms of the investment by Saudi Aramco into Malaysia’s biggest oil refinery project is likely to be firmed up only within a year’s time, sources said.
Following the inking of the agreement between Aramco and Petroliam Nasional Bhd (Petronas) two weeks ago, discussions have intensified between the two groups, but it will take time for the definitive agreement to be inked, considering the scale of the project and the fact that the deal involves two large national oil companies.
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