Kuala Lumpur, 1 July 2026 – PETRONAS Chemicals Group Bhd could see a meaningful earnings lift if Petroliam Nasional Bhd proceeds to acquire its 50% stake in Pengerang Petrochemical Company Sdn Bhd, as analysts view the potential divestment as a way to remove a major drag on profitability.
The development follows PETRONAS’ move to acquire Saudi Aramco’s 50% interests in Pengerang Petrochemical Company and Pengerang Refining Company Sdn Bhd. PETRONAS already controls PETRONAS Chemicals, holding a 64.4% stake in the listed petrochemical producer.
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