PETRONAS ready to tackle volatile market

“Our job is maintaining core delivery, which is a 2.7 million barrels of oil equivalent per day production commitment," says Tengku Muhammad Taufik.

AT first glance, the financial results of Petroliam Nasional Bhd (PETRONAS) in the first quarter of this year seems to be at a pretty high level.

After all, with prices averaging US$81 (RM373) a barrel during the quarter from the recent high of US$101 (RM466) a barrel last year, the “flattish” profit performance was a commendable achievement.