Oil majors eye Petronas’ stake / The Star Online, 11 April 2017

Oil majors eye Petronas’ stake / The Star Online, 11 April 2017

PETALING JAYA: Petroliam Nasional Bhd’s (Petronas) proposed sale of a stake in a gas field offshore Sarawak has attracted the attention of several oil majors, with bids expected in the next few weeks.

It had in principle secured a US$7bil commitment from Saudi Aramco in February to invest in its Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang, Johor. Details are expected to be firmed up this year.