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Saudi Arabia's Aramco to invest $7 bn in Malaysia oil refinery

© Sercom APRnews Photo Saudi Arabia's Aramco to invest $7 bn in Malaysia oil refinery
Tuesday, 2 January 2018

Saudi Arabia's Aramco to invest $7 bn in Malaysia oil refinery

Saudi Arabia's Aramco will invest $7 billion in a Malaysia oil refinery project, Prime Minister Najib Razak said Monday as he declared ties with the kingdom "at an all-time high".

The deal involving the massive $27 billion project, a joint venture between Aramco and Malaysia's Petronas, will be signed on Tuesday, the prime minister said.

Najib made the announcement on the second day of a four-day state visit to Malaysia by Saudi Arabia's King Salman.

by France 24