PETRONAS capex plans intact


KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) says the group typically takes a long-term view on its activities and plans, and as such, believes that its plans on capex, revenue and profit remain intact while it continues to exercise prudent financial management.

“PETRONAS is also firmly focused on reinvestments, given its cautious outlook amid volatile geopolitical conditions and accelerated energy transition,” it told StarBiz in an emailed reply.

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