KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) cannot back out of its proposed investment of US$850mil in the cash-strapped Brazilian oil and gas company OGX Petróleo e Gás Participações S.A.
Reports said on Thursday that OGX was strapped for cash after its only producing oil field failed to live up to expectations.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
