“We expect the US$7bil investment to be in by the end of this month,” he told reporters after announcing the update on the project in his opening speech at the four-day Offshore Technology Conference Asia in Kuala Lumpur yesterday.
Last February, Aramco signed a deal with Petronas, where it would invest US$7bil (RM31bil) for a 50% stake in its Rapid project, which is under construction at the Pengerang Integrated Complex (PIC).
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!