Sabah to own 25% in oil and gas outfit PCFSSB

From left: PETRONAS Chemicals head of strategic planning and ventures Yaacob Salim, managing director and CEO Mohd Yusri Mohamed Yusof, PETRONAS Group SVP of project delivery and technology Datuk Bacho Pilong; Sabah State Local Government and Housing Minister and Finance Minister ll Datuk Seri Panglima Haji Masidi Manjun, Sabah State Secretary Datuk Seri Panglima Sr Haji Safar Untong, and SMJ CEO Dionysia Aloysius Kibat at the signing ceremony

PETALING JAYA: Sabah will soon own a 25% stake in PETRONAS Chemicals Fertiliser Sabah Sdn Bhd (PCFSSB).

That equity stake will be acquired by the state through its wholly-owned unit, SMJ Sdn Bhd, which inked a heads of agreement with Petronas Chemicals Group Bhd (PetChem).