Petronas throws lifeline for oil and gas sector


Petronas executive vice-president (exploration and production business) Datuk Wee Yiaw Hin (pic) said it was estimated that 50% of Malaysia

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) is undertaking major steps to rejuvenate the oil and gas (O&G) industry.

The move comes in the face of Malaysian oilfields now entering the mature phase, marked by declining oil and gas extraction, after more than 30 years of extensive exploration and production.

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Business , Petronas , oil and gas

   

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