RM9bil Azerbaijan sale part of efforts to revalue Petronas' assets and businesses, says Tok Pa

Datuk Seri Mustapa Mohamed. - Bernama

KUALA LUMPUR: The recent sale of gas assets in Azerbaijan amounting to over RM9bil is part of the government's ongoing efforts to revalue the assets and business portfolios of Petronas, says Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed.

"These decisions were made based on long-term commercial assessment... they are needed to maintain a strong fiscal position," he said in his speech at the Special Chambers in Parliament on Wednesday (Oct 27).