'Petronas needs to do more for Sabah O&G sector'

Petroliam Nasional Bhd (Petronas) and a consortium led by Japan's JXTG Holdings Inc are among the companies interested in buying a stake in India's Bina oil refinery, a source close to the matter said.

KOTA KINABALU: The Institute for Development Studies (IDS) Sabah feels that more can be done by Petronas, especially in downstream industries to help boost Sabah’s economy and development.

IDS chief executive officer Datuk Dr Johan Arriffin said during a meeting with Petronas chief strategic liaison officer, Idris Ibrahim, that Petronas needed to create more entrepreneurs in the oil and gas (o&G) sector.