Petronas says no talks on Sapura buy

PETALING JAYA: Petroliam Nasional Bhd (Petronas) has categorically denied reports and speculations on purported “talks with the government on a proposal to take a significant stake” in Sapura Energy Bhd.

“The group has always been and would continue to be strictly guided by an established framework for any investment or divestment consideration,” it said in a statement yesterday.

The national oil and gas (O&G) company emphasised that it remains committed to working closely with O&G, services and equipment players, leveraging their expertise and capability as activities increase in line with the industry’s recovery from the impact of Covid-19.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Petronas , Sapura , O&G


Next In Business News

Sunway Dora achieves 89% take-up rate
SC expects capital market to stabilise in 2H23
Govt to complete subsidised diesel control system draft by 2H23: Ahmad Maslan
Infomina bags RM23.9mil purchase order from Philippines National Bank
Asian FX tumbles after turmoil in global banking system returns
Vietnam's VPBank completes US$1.5bil stake sale to Japan's Sumitomo Mitsui
Sundra Rajoo returns to helms AIAC
First Citizens to buy Silicon Valley Bank, FDIC says
Bursa Malaysia enhances Main Market listing requirements
SC continuously searching for ways to address adequacy of retirement savings

Others Also Read