PETALING JAYA: SapuraKencana Petroleum Bhd does not expect the uncertainties surrounding the financing ability of Brazilian energy giant Petróleo Brasileiro SA (Petrobras), which accounts for around 50% of the former’s outstanding orderbook, to pose a significant risk to the company.
In a recent report, Hong Leong Investment Bank Bhd (HLIB) quoted SapuraKencana’s management as saying that the company saw little risk of contract default from Petrobras.
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