Energy Markets
Petronas seeks crude to improve output at Pengerang JV refinery, sources state
Malaysian state energy company Petronas remains in talks with sellers to buy Middle East crude filling in October for its jointventure refinery with Saudi Aramco as the plant ramps up output, trade sources said on Friday. Petronas and Aramco have equal shares in the Pengerang Refining Company (Prefchem), also known as RAPID, which can process 300,000 barrels per day (bpd) of petroleum at its complex at Pengerang in Malaysia's southern state of Johor. The refinery is increasing its crude processing rate this month, up from about 50% in July, some of the sources stated. Refining runs have actually been cut...