RIYADH: Saudi Aramco is paying around $900 million (€765 million) to acquire a 50% stake in the Petronas Chemicals Group (PCG) polymers project within the Petronas Pengerang Integrated Complex, Aramco announced 2 Oct.
The transaction for the project currently under construction in the southern Malaysian state of Johor near Singapore is expected to close on 15 March 2018.