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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.
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.
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.
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.
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.
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.
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.
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.
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.