Fitch expects Petronas capex to remain around RM50b a year


Petronas expects upstream investments of RM167.6bil over the next five years.

KUALA LUMPUR: Fitch Ratings expects Petroliam Nasional Bhd's (Petronas) capital expenditure (capex) to remain around RM50bil a year over the medium term, driven by upstream investments.

In said in a statement on Thursday Petronas expects upstream investments of RM167.6bil over the next five years.

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