Tag: Petronas
-
Petronas President warns: halting investment in oil and gas projects is a ‘catastrophe’
The President and CEO of the Malaysian Petronas “Tengku” company, Muhammad Tawfiq, condemned the calls for an absolute halt to investment in oil and gas projects, describing it as a “catastrophe”. Tawfiq stressed that the lack of investment in oil and gas cause There are severe market fluctuations and affect energy security, according to what…
-
Malaysian Petronas profits will double by 100% in 2022
Malaysian Petronas profits witnessed a strong jump in 2022, benefiting from the rise in energy prices in the wake of the Russian invasion of Ukraine. Profits doubled 100% to RM101.6 billion ($22.59 billion), up from RM50.9 billion ($11.32 billion) in 2021. Revenues also increased by 51% to reach 375.3 billion ringgit ($83.46 billion), according to…
-
Malaysia’s Petronas signs production sharing agreements in 9 exploration sites
The Malaysian company Petronas, which specializes in oil exploration and production, is looking forward to strengthening its local investment portfolio. What drives it to enter into new partnerships from time to time to carry out exploratory activities, and then raise its production, and eventually revive its treasury. Malaysia aims to put its oil and gas…
