Malaysia’s oil and gas acquisitions are expected to total RM15bil this year


PETALING JAYA: Malaysia's oil and gas (O&G) acquisitions are expected to total between RM10bil and RM15bil this year, as players look to acquire expertise and reserves out of their horizon to ride sectoral growth.

Singapore-based Deloitte & Touche LLP's tax partner and leader for South-East Asia mergers and acquisitions Steven Yap said that this would likely be seen within the upstream and midstream segments.

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