Petroliam Nasional Berhad (PETRONAS), the national oil company of Malaysia and Saudi Arabian Oil Company (Saudi Aramco); today launched the corporate identity for their joint ventures in the Pengerang Integrated Complex (PIC) located in Pengerang, Johor, Malaysia, namely Pengerang Refining Company Sdn Bhd (PRefChem Refining) *1 and Pengerang Petrochemical Company Sdn Bhd (PRefChem Petrochemical)*2, 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. Speaking at the event, Tan Sri Wan Zulkiflee said: "This integrated partnership marks a visionary move by two professionally-run national oil companies where both are able to leverage on each other's strengths and share technical capabilities as well as experiences for mutual benefit. I am proud that we are amongst the pioneer of national oil companies partnering with one another to ensure better positioning for both organisations in an increasingly competitive market." "Most importantly, this partnership was built on a shared vision and shared values that align a number of priorities for both parties including - upholding the "amanah" or trust that both organisations have in contributing to our respective nations and its people," he added. --More 11:53 LOCAL TIME 08:53 GMT 0002 www.spa.gov.sa/1766225
