Petronas divests non-core assets, increases oil investments

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will continue the divestment of non-core assets that offer little growth prospects, particularly in Africa, while at the same time look for investment opportunities around the globe.

“We continue to look for opportunities with value growth and divest where there’s little value. We are looking at divesting our assets in Mauritania and Cameroon,” Petronas upstream international vice-president Sharbini Suhaili (pic inset) said.