Malaysian state energy firm Petronas not to participate in Aramco IPO

Malaysian state energy firm Petronas not to participate in Aramco IPO

FILE PHOTO: A Petronas logo at their office in Kuala Lumpur, Malaysia August 15, 2017. REUTERS/Lai Seng Sin

Malaysian state energy company Petronas said on Friday it will not participate in Saudi Aramco’s initial public offering, expected to be the world’s biggest share sale.

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