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Regions :: Southeast Asia

Petronas and Versalis sign agreement for elastomers joint venture in Malaysia

1:45 AM MST | November 14, 2013 | Natasha Alperowicz

Petronas, Malaysia’s state-owned oil and gas company; and Versalis, ENI’s chemical subsidiary, today announced that they have signed a shareholders’ agreement to set up a previously reported joint venture company that will manufacture, sell, and market elastomer products produced at Petronas’s proposed Refinery and Petrochemical Integrated Development (Rapid) complex at Pengerang, Johor, Malaysia.    The Petronas Refinery and Petrochemical Corp. (PRPC), a subsidiary of Petronas that is implementing  the Rapid project, will...

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