March, 2017 - Malaysia
Shearn Delamore Acted as the Malaysian Counsel for Saudi Arabian Oil Company (Saudi Aramco) in its Investment and Joint Venture with Petroliam Nasional Berhad (Petronas)
Shearn Delamore acted as the Malaysian counsel for Saudi Aramco, through their lead instructing counsel, White & Case, in its investment and joint venture with Petroliam Nasional Berhad (Petronas) in the Refinery and Petrochemicals Integrated Development (RAPID) project in the southern Malaysia state of Johor. The total estimated value of the investment by Saudi Aramco is US$7 billion. The sale and purchase agreement for Saudi Aramco’s acquisition of a stake in the joint venture was signed on 28th February 2017, with other ancillary and related agreements to also be executed in due course.