PETALING JAYA: Analysts feel that Petroliam Nasional Bhd’s (Petronas) first-half capital expenditure (capex) of RM23bil may indicate a shortfall from the RM60bil capex it intends to spend for 2013, and this could be due to certain expenses rising.
Nonetheless, the oil and gas (O&G) sector is still expected to be vibrant, with huge upcoming upstream and downstream contracts to maintain domestic crude oil production.
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