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: Petroliam Nasional Bhd (Petronas), which expects volatility in oil prices to persist in 2019, is maintaining a prudent view on the industry and will react with cautious optimism on new capital projects.
In its latest annual activity outlook report for the 2019-to-2021 period, Petronas said oil demand growth is expected to be at risk, as soaring oil prices and weakening emerging-market currencies could lead to a higher oil import bill.
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