PetDag growth to come from lubricant ops on aggressive sales


Petroliam Nasional Bhd (Petronas) and a consortium led by Japan's JXTG Holdings Inc are among the companies interested in buying a stake in India's Bina oil refinery, a source close to the matter said.

PETALING JAYA: Petronas Dagangan Bhd’s (PetDag) growth will likely come from the lubricant segment, with a projected 5% volume growth, following the adoption of a more aggressive sales strategy, said Affin Hwang Capital.

Currently, PetDag’s market share for the lubricant segment is relatively low at 20%.

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