KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) is in the process of transferring its entire 50% stake in Vietnam’s Phu My Plastics and Chemicals (PMPC) to its wholly-owned unit Petronas International Corp Ltd.
Petronas has reached an agreement with PetroVietnam for the transfer of PetroVietnam’s 43% stake in PMPC to Petronas International, the state oil firm said in a statement.
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