Petronas mulls listing lubricants business

Listing plan: Petronas flag blowing in the wind at a Petronas station in Kuala Lumpur. A listing will raise PLI’s profile and brand presence internationally, and give it access to funds for further expansion.

TURIN: Petroliam Nasional Bhd (Petronas) is contemplating to eventually float its lubricant business, Petronas Lubricants International (PLI), after building up this part of the business further.

“About a (possible) listing, we never discount the opportunities and have to look at (it) when the timing is right. But the focus today is to build the brand and capability,” Petronas vice-president for marketing Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir told journalists at a briefing.