YAN

[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. ⚡

[Roman Akramovich @SyedAkramin]

Janganlah buat perkara yang mengundang fitnah kepada agama. Jika majikan bukan Islam lihat, nanti mereka suruh staff Islam solat di tempat parking kereta saja.

Di kawasan tersebut
ada banyak surau disediakan. Gunakan sebaik mungkin.

[فارس فرهن @mffismail]

Tun Abdullah Ahmad Badawi a leader who bravely advised the President of the United States at the White House.

[Youth Football Malaysia @youthfootballmy]

Ada 2 juta keturunan Jepun di Brazil

Ada lebih 1.7 juta keturunan Indonesia di Belanda

Ada lebih 3 juta keturunan Vietnam di USA & Eropah

Keturunan Cina & India tak payah cakap lah. Di merata dunia ada

Tapi kuasa paling besar bola sepak Asia guna 100% bakat homegrown

[Zakat Selangor @zakatselangor]

Pecahan setiap RM 1 dari zakat anda.

Sumber :
https://t.co/HuKgjb7LIN...

Layari laporan tahunan LZS 2023 di :

https://t.co/mTTkzzC7Lx

[Adam @AdameMedia]

Iran drops a powerful ad depicting an Israeli Olympian with blood on his hands.

[Moon's Black @NuwairShams]

Dengan mak ayah, jangan pernah kedekut.

Terjadi dekat diri saya sendiri.

Waktu tu, dalam akaun bank ada RM400+, tiba-tiba mak kata barang dapur semua habis.

Saya bisik dalam hati : "kalau beli barang dapur, rasanya dalam 300+. Macam mana ni eh"

[𝕏 Cabi 𝕏 @cabiharusdrejam]

Quotes of the day

[wazzaGOAL🇲🇾 @RooneywazzaMY]

Punya lama kita tunggu bakat mcm faisal halim ni muncul last sekali kena mcmni. Aku doakan si pelaku hidup kau celaka dunia akhirat

[Amir-triptyline @amrhzq_my]

Baby dalam kandungan dah 9 bulan tapi bila keluar, restart balik umur. Kenapa tak sambung je?

[Dr. Anastasia Maria Loupis @DrLoupis]

True.

[Troll Football @TrollFootball]

They left the Champions League in same order

[Aliff Zaki @alepzaki11]

Masjid UIA Kuantan ni cekap ambil peluang sediakan tmpt jaga anak2 utk ibubapa teraweh dgn tenang. RM3 per head. Bilik aircond, ada bahan utk budak2 main and dijaga oleh pelajar UIA sendiri. Banyak pihak menang dengan servis ni.

[Tweet Islamik @TweetIslamik]

Panas tapi benar? Berapa ramai yg sanggup tinggal hobi ni... Nasib baik bukan collector tegar, adalah 2,3 bijik beli dah lama.

#jihadkecil #hotwheels

[مُحِبُّ الله اَلعَيدروس. ☀️ @ibjela]

Orang kita masih selamba bayar RM20 utk ice blended coffee jenama cafe, tapi kalau berjual beli dlm komuniti semua nk harga jackpot.

Perjalanan kita masih jauh dalam memperkasakan ekonomi lokal.

[Fabrizio Romano @FabrizioRomano]

🚨🏆 New Champions League format from 2024/25, confirmed.

[̈⃝ Kid @kidxblunt]

Yang tak ada kerja atau nak buat professional certificate atau skill certificate, korang boleh try apply kat Yayasan Peneraju Pendidikan Bumiputera. Ada certificate yang 100% ditaja, ada yang 90%. Ada banyak certificate yang diorang sediakan.

Jangan komplen buat Grab tak masyuk.

[Derenic Byrd @DerenicByrd]

Drug dealers have more morals than the US government