CONFIRMEDDate confidence: CONFIRMEDStated as firmHow firmly the source words the date: confirmed, scheduled, estimated, delayed or unverified.Show all CONFIRMED pins86% CONFIDENCEOverall confidence: 86%How well the pin's source and references back up its dates.Weighted average of how firmly 5 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or better
Stated as firm, per petronas.com[4]: "KUALA LUMPUR, 25 May 2026 - PETRONAS announces that its subsidiary ... has signed an agreement to acquire the equity stake held by Saudi Arabian Oil Company"; Aramco's[1][2] own newsroom dates the joint announcement May 24, 2026.Aramco signed an agreement to transfer its stakes in the PRefChem refinery and petrochemical complex at Pengerang, Johor to PETRONAS, which will own and run it outright. Aramco committed $7 billion to the 300,000 b/d project in 2017; the sale comes as the Strait of Hormuz closure cut Saudi crude flows to Asia.
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