A

[Jack Prandelli @jackprandelli]

Aramco just handed back its 50% stake in Malaysia's 300,000 bbl/day PRefChem refinery to Petronas.

A $7 billion bet from 2017.
Exited quietly in 2026.

Here's why it matters:

When Hormuz closes, every downstream asset gets repriced.

Aramco's Malaysian exit is the clearest proof yet that Gulf producers are radically reorganising their global footprint around the new reality. 🌍

The deal:
→ Aramco transfers full equity in Pengerang Refining Company and Pengerang Petrochemical Company to Petronas

→ Petronas becomes 100% owner of PRefChem a 300,000 bbl/day refinery plus 3.4 mtpa petrochemicals complex in Johor

→ Original Aramco commitment: $7 billion in 2017 for a 50% stake

→ Commercial relationship continues crude supply, technology, product distribution all still on the table

Why Aramco is walking away?
Hormuz is effectively shut.
Saudi crude exports are being rerouted through the East-West pipeline to Yanbu on the Red Sea.
Even so, Saudi output fell roughly a 3rd in April vs pre-war levels.

In that environment, a 50% stake in a Malaysian refinery running at 50% utilisation after a February 2026 gasoline unit shutdown is not where Aramco wants its capital or management bandwidth.

The strategic logic is simple concentrate downstream investment in Saudi clusters and Red Sea-oriented flows. cut everything else. ✂️

Why Petronas wants full control?

With 100% ownership, Petronas can:
→ Choose its own crude slates not just Arab grades tied to Aramco supply agreements

→ Optimise the refinery for regional product demand without aligning to Aramco's marketing strategy

→ Control a 300 kb/d integrated platform as the anchor of Malaysia's long-term refining and chemicals strategy
When Middle East supply is volatile, feedstock flexibility is everything.

Petronas just bought exactly that. 💰

The playbook is changing: Saudi downstream capital is moving closer to home.

Asian NOCs are consolidating control over their own refining infrastructure.

Every Gulf producer is making the same calculation right now.

PRefChem is just the first major equity exit to become public. ⚡

[GBX @GBX_Press]

WATCH: Palestinian father holds the head
of his child that no longer has a body.
Israel beheads children and you keep scrolling.

[Rafizi Ramli @rafiziramli]

Ini salah satu contoh bagaimana PKR/PH sudah out of touch dengan pengundi.

Skrip yg sama digunakan: kita diamkan semua sebab takkan kita nak penyamun perompak BN PN kembali berkuasa?

Rakyat rasa semua yang ada tu lebih kurang sama saja bab2 makan duit ni, semua ini semua permainan elit:

1) PH pun dah banyak terpalit dengan tuduhan yang serupa

2) Di bawah Perdana Menteri yang ada sekarang, SPRM dilihat tak berani nak siasat, malah menutup siasatan kalau ada ura-ura berkait dengan orang yang rapat dengan PM

3) SPRM dilihat digunakan untuk menghukun mereka yang berani mengkritik PM, baik dari dalam atau luar PH

4) Menteri Kewangan zaman PN & BN itu dah jadi Penasihat Kanan Politik PM. Semasa dia jadi menteri kewangan, macam-macam berlaku. Jana Wibawa, cabutan judi naik berkali ganda, belanja media beratus juta dituduh diselewengkan. Orang lain dari PN BN semua kena siasat, dia selamat malah diangkat oleh PM

5) Kes DNAA melibatkan TPM, dilihat PM mengutamakan matlamat mengekalkan Kerajaan Perpaduan dari membanteras rasuah

6) Yang lantang bawa isu anti rasuah ni semua dah terpelanting dari PKR akibat percaturan, yang ramai anggota biasa pun rasa pemilihan parti sendiri pun sanggup tipu. Yang ada sekarang ni bukan saja tidak dikenali dengan rekod lawan rasuah, malah ada tuduhan rasuah!

dan banyak lagi contoh-contoh lain.

Jadi bolehlah terus berangan-angan emotional blackmail macam ni.

Tapi dah tak laku.

Kumpulan pengundi paling besar ialah disenfranchised voters, yang muak dengan kempen holier than thou ceplos-ceplos konon terpaling suci anti-rasuah.

[Tamer Nahed @Tamer_Alnoaizy]

One of the most horrifying and brutal scenes ever captured on camera in modern history.

Israeli soldiers opened fire on thousands of starving Palestinians in Gaza as they ran in desperation trying to get a piece of food during the war on Gaza.

A moment the world must never forget.

[The Saviour @TheSaviour]

Zionists BURNED a CHILD alive for FUN in the West Bank!

We are dealing with DEMONS! 🤬

[TITAN MINDSET @Titan_Mindset_]

Pornography starts as entertainment can quietly become an uncontrollable habit.💯‼️

[KONGSI VIRAL🇲🇾 @kongsiviralje]

Company Grab/Panda tak bagi pun duit beli cover hitam tutup air tu tapi dia beli guna duit dia sendiri demi customer dan order. Semoga lebih ramai lagi rider lain yang sama keikhlasan macam abang ni dalam bekerja. Semoga traffic light sentiasa hijau bang!

Kredit : surgaloka

[Irfan_newboys🇲🇾🇵🇸🏳️🏴 @Marchfoward]

TERKINI

Kerajaan Malaysia memulakan usaha diplomatik tahap tinggi melalui Konsulat Kehormat Malaysia di Greece bagi menguruskan pembebasan 10 peserta GSF Malaysia di sana

[Al Jazeera English @AJEnglish]

US Defense Secretary Pete Hegseth told a Senate committee the Iran war has cost $25bn so far, defending the campaign as lawmakers questioned strategy, costs, and lack of congressional approval https://t.co/pG6JbsdG9q

[Najib Fazail @najibfazail]

Anak muda - gunakan kelebihan MASA untuk bina simpanan + kekayaan.

Aku kongsikan graf simpan RM100 setiap bulan. Seorang mula umur 20 tahun dan seorang mula umur 25 tahun

20-30 tahun: RM12,000 labur + RM4,326 dividen

25-30 tahun: RM6,000 labur + RM982 dividen

[smol silly cat @Catsillyness]

"Soon..."

[TIMES OF GAZA @Timesofgaza]

Children of Gaza.

[TrendPulse @TrendPulseIND]

@IRanMediaco