log in
All Press Releases | Back

Press Releases

Shearn Delamore & Co. 

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).

Saudi Aramco will supply up to 70% of the crude feedstock requirement of the refinery, with natural gas, power and other utilities to be supplied by Petronas. With capacity to refine 300,000 barrels of crude per day, RAPID’s refinery will produce a host of refined petroleum products, including gasoline and diesel which meets Euro 5 fuel specifications; as well as feedstock for its integrated petrochemical complex producing 3.5 million tonnes per annum of products.

Shearn’s team was led by Putri Noor Shariza Noordin and assisted by Nicholas Tan Choi Chuan.


 

WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

HOME | SITE MAP | GLANCE | DISCLAIMER |  © World Services Group, 2017