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Business 07 Sep 2012 | 12:00 AM Premium

Petronas Q2 earnings down 29.8% to RM15.22b, braces for lower performance (Update)

Petroliam Nasional Bhd's (Petronas) earnings fell 29.8% to RM15.22bil in the second quarter ended June 30, 2012 from RM21.71bil a year ago and it is expecting lower performance for the current year.

Business 10 Sep 2012 | 12:00 AM Premium

Difficult oil or new efficient energy pursuit poser

PETROLIAM Nasional Bhd (Petronas), which recorded a weaker financial performance in its second quarter for the financial year 2012, is aiming to substantially beef up its capital expenditure (capex) moving forward.

Business 02 Oct 2012 | 12:00 AM Premium

Govt to rely less on dividends from Petronas

KUALA LUMPUR: The Government will gradually reduce its dependence on oil revenue from Petroliam Nasional Bhd (Petronas), according to Treasury secretary-general Datuk Dr Mohd Irwan Serigar Abdullah.

Business 10 Dec 2012 | 12:00 AM Premium

Petronas unveils growth O&G plans in Canada after US$5.3b Progress takeover cleared

Petroliam Nasional Bhd (Petronas) has unveiled three investment components in Canada which would involve building a pipeline and facilities after it cleared the last obstacle to the US$5.3bil takeover of Progress Energy Resources Corp.

Business 11 Dec 2012 | 12:00 AM Premium

Petronas to triple gas reserves after takeover of Progress

PETALING JAYA: Petroliam Nasional Bhd (Petronas) is expected to almost triple its international unconventional gas reserves to one billion barrels of oil equivalent (boe) after the takeover of Canadas Progress Energy Resources Corp.

Business 06 Mar 2013 | 12:00 AM Premium

Buyout saga of MISC likely to set stage for face-off between Petronas and EPF

PETALING JAYA: The ongoing buyout of shipping giant MISC Bhd pits its owner, the national oil corporation, against the country’s largest pension fund, setting the stage for what could be an interesting face-off in corporate Malaysia.

Business 05 Jun 2013 | 3:54 PM Premium

Petronas Q1 earnings down 3% on fuel price, high costs

KUALA LUMPUR: Petroliam Nasional Bhd's (Petronas) net profit in the first quarter to March 31 slipped 2.73% to RM20.37bil from RM20.94bil a year ago due to lower crude oil prices and higher costs.

Business 06 Jun 2013 | 12:00 AM Premium

Rapid project delayed

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) hopes to reach a final investment decision on its RM60bil Refinery and Petrochemicals Integrated Development (Rapid) complex in Pengerang, Johor by the first quarter of next year, pushing back the commissioning of the specialty chemicals-based facility to end-2016 or early 2017.

Business 31 Jul 2013 | 12:00 AM Premium

Petronas to delay refinery project to 2018

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will start up the refinery within its US$19bil (RM62.13bil) petrochemicals complex in Johor at end 2017, the company told Reuters yesterday, signalling a further delay in the country’s largest-ever infrastructure project.

Business 26 Aug 2013 | 5:30 PM Premium

Petronas records slightly lower Q2 earnings at RM15.26b (Update)

KUALA LUMPUR: Petroliam Nasional Bhd posted a marginal drop in net profit to RM15.26bil in the second quarter ended June 30, 2013 on-year.