Aramco inked the agreement today with Malaysia's national oil company Petronas, which is developing the USD 27 billion refinery and cracker plant in southern Johor state.
Officials have said the deal will make Aramco the single largest investor in Malaysia.
Saudi's Energy Minister Khalid Al-Falih said the Malaysian deal will help expand Aramco's portfolio ahead of its initial public offering next year, which is touted to become the world's largest share sale.
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