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.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Budget 2024: A tough balancing act for Anwar
Marine & General cautiously optimistic about FY24 performance
WtE space heats up
CPO price set to recover
Private hospitals, insurers stirred as claims rise
Fit for expansion
Streamlining a business practicality unveils dividend policy
Developers ride on booming industrial assets
Bonds weaken on UST yield, dollar rise

Others Also Read