March, 2017 - Kuala Lumpur, 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, led by White & Case, acted as Malaysian counsel to Saudi Aramco in its investment and joint venture with Petroliam Nasional Berhad (Petronas) in the Refinery and Petrochemicals Integrated Development (RAPID) project in Johor, Malaysia. The total estimated value of the investment by Saudi Aramco is US$7 billion. The agreement for the acquisition of the 50% interest in the project company was signed on 28th February 2017 the entity used for the development of the refinery and cracker project at the Pengerang Integrated Complex (PIC).