Petronas gets tested by Sarawak’s Petros

Wan Zulkiflee: We have regulations in place, of which under the PDA, Petronas is the custodian and manager of O&G resources in Malaysia.

As higher oil prices lifted the profit of Petronas Nasional Bhd by more than 100% at the end of its second quarter, it does appear that the vagaries of the oil and gas sector have found some stability.

Oil prices have found stability of late after a period of volatility that saw a number of oil and gas companies endure pain none had seen for years prior to the crash in oil prices in 2014.