KUALA LUMPUR: Malaysia’s national oil and gas company, Petroliam Nasional Bhd (Petronas), has taken a stake in an offshore natural gas block in Turkmenistan.
In a statement today, Petronas announced that it has signed a new production sharing contract (PSC) with UAE-based energy company XRG, Turkmenistan’s oil and gas companies, State Enterprise Hazarnebit and State Concern Turkmennebit, for the Block I gas and condensate fields in Turkmenistan.
