PDB to strengthen portfolio with Petros pact

PetDag gas cylinderUnder the agreement, PDB’s LPG business in Sarawak would be divested to PetrosNiaga Sdn Bhd (PNiaga), a fully-owned subsidiary of Petros.

PETALING JAYA: Petronas Dagangan Bhd’s (PDB) partnership with Petroleum Sarawak Bhd (Petros) is expected to strengthen PDB’s portfolio performance for the coming years, or until the 10-year plan of Sarawak Gas Roadmap (SGR) expires.

According to MIDF Research, the collaboration is reasonable, adding the tie-up is in the best interest of PDB.