State oil company, Petronas has announced that it is buying Phillips 66's 47 per cent stake in Malaysian Refining Company Sendirian Berhad (MRC) for 635 million dollars or 2.12 billion ringgit cash.<br /><br />The proposed acquisition would result in MRC being wholly-owned by Petronas.<br /><br />Astro AWANI LIVE http://www.astroawani.com/videos/live<br />Subscibe to NJOI AWANI https://www.youtube.com/njoiawani<br />Follow us on Website http://www.astroawani.com<br />Like us on Facebook https://www.facebook.com/astroawani<br />Follow us on Twitter https://twitter.com/501Awani<br />Follow us on Instagram http://instagram.com/501awani
