PETALING JAYA: Petroliam Nasional Bhd (Petronas) is allocating an average of RM20bil for capital expenditure (capex) annually in upstream activities between 2022 and 2027, says executive vice-president and chief executive officer, upstream, Adif Zulkifli.
In an exclusive interview recently, Adif said the capex allocation was at a healthy level to grow slightly its production in the next five years.
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