National O&G company raises investments in renewable energy

Petroliam Nasional Bhd (Petronas) is gearing itself to include renewable energy in its portfolio to future-proof the organisation.

THE oil and gas (O&G) industry was slapped with a shock last year when the world was hit by the coronavirus (Covid-19) pandemic.

On top of that, the industry experienced the unprecedented event of oil prices going into negative territory due to oversupply and a price war between Saudi Arabia and Russia.