PETRONAS sees no disruption from conflict


“At the time of writing, there were no reports of any direct threats to PETRONAS personnel or assets, and operations continue as usual,” PETRONAS said. — Reuters

KUALA LUMPUR: Malaysian energy giant Petroliam Nasional Bhd (PETRONAS) has said it is closely monitoring the conflict in the Middle East even though it has seen no direct impact on its operations so far.

“At the time of writing, there were no reports of any direct threats to PETRONAS personnel or assets, and operations continue as usual,” PETRONAS said in an emailed response to queries yesterday.

PETRONAS won oil and gas exploration concessions in Abu Dhabi in recent years. Iran’s retaliation in the Middle East conflict has directly affected the United Arab Emirates, triggering missile interceptions, airport disruptions and flight suspensions.

PETRONAS said it will prioritise the well-being of those supporting its operations in the region while taking steps to safeguard its assets and ensure business continuity.

The company said it is coordinating with authorities to assess the evolving situation and take precautionary measures. — Bloomberg

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

BNP reports 9% rise in 1Q profit amid uncertainty
CIMB Niaga 1Q profit before tax at 2.3 trillion rupiah
Pasdec names Mohammad Ikhwan as CEO
GD Properties: Local market prospects bright
Alpha IVF to open four new centres by end-2027
KPS acquires factory sites for RM45.5mil
IOIPG set for FBM KLCI inclusion
Genting opens New York casino, creates history
Jaycorp buys RE unit for RM15mil
Tasco profit forecast holds steady amid weak 4Q

Others Also Read