Petronas decision on Rapid deal with Aramco in Dec?

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) is said to be making a final investment decision in December to partner with Saudi Arabian Oil Co (Saudi Aramco) by offering a 50 per cent stake in its refinery and petrochemical integrated development project (Rapid) in Johor. According to the Wall Street Journal (WSJ) report yesterday, if Petronas proceeds with the plan, the two companies will set up a joint-venture company in the first quarter of next year to run the project, with the refinery d