KUALA LUMPUR — Nasional Berhad (Petronas), the national oil company of Malaysia and Saudi Arabian Oil Company (Saudi Aramco) Moday launched “PRefChem”, the corporate identity for their joint ventures in the Pengerang Integrated Complex (PIC) located in Pengerang, Johor, Malaysia. PRefChem comprises Pengerang Refining Company Sdn Bhd (PRefChem Refining) and Pengerang Petrochemical Company Sdn Bhd (PRefChem Petrochemical), both will be collectively known as “PRefChem”.

Petronas and Saudi Aramco had earlier in March 2018 concluded the Share Purchase Agreement for equal ownership and participation in the operations of the refinery, cracker and selected petrochemical facilities in the PIC.

To mark the occasion, a ceremony was held at PIC, which also saw the unveiling of PRefChem’s logo. Present were Tan Sri Wan Zulkiflee Wan Ariffin, president & group chief executive officer of PETRONAS; Amin H Nasser, president & chief executive officer of Saudi Aramco; Datuk Md Arif Mahmood, executive vice president downstream of Petronas, as well as Dr. Colin Wong Hee Huing, who are respectively the chairman and chief executive officer of the two companies.