Petronas could allocate RM40bil-RM45bil in capital expenditure (capex) this year, in line with its five-year annual capex guidance, RHB Research said.
PETALING JAYA: Oil and gas (O&G) upstream activities should recover with greater momentum even though further downward revisions in crude oil demand by major agencies in the coming months can be expected.
This is mainly due to the re-implementation of lockdown measures in response to the emergence of new Covid-19 variants.
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