PETRONAS doubles down on Brazil amid exit rumours


PETRONAS said it is currently involved in three producing fields and four deepwater exploration blocks in Brazil’s upstream segment.

KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) affirmed yesterday it is maintaining its presence in Brazil, describing the country as an important market where the national oil company has established a significant integrated presence across the energy value chain.

In a statement clarifying its position, PETRONAS said it is currently involved in three producing fields and four deepwater exploration blocks in Brazil’s upstream segment.

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