Asian Refinery Restarts After Two-Year Hiatus

An Asian refinery co-owned by Saudi oil giant Aramco has resumed crude processing for the first time since closing after a deadly fire in 2020, sources familiar with the operations told Reuters, in what could be some relief for tight Asian and global markets for refined products.  The Pengerang Refining and Petrochemical complex in Malaysia, capable of processing 300,000 barrels per day (bpd) of crude oil, is owned and operated by PRefChem, a strategic alliance between Malaysia’s national oil company PETRONAS and Saudi Aramco, through…