PETRONAS ready to tackle volatile market


“Our job is maintaining core delivery, which is a 2.7 million barrels of oil equivalent per day production commitment," says Tengku Muhammad Taufik.

AT first glance, the financial results of Petroliam Nasional Bhd (PETRONAS) in the first quarter of this year seems to be at a pretty high level.

After all, with prices averaging US$81 (RM373) a barrel during the quarter from the recent high of US$101 (RM466) a barrel last year, the “flattish” profit performance was a commendable achievement.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Ringgit likely to trade on softer note next week
Optimism abounds in new year
Licensing, freedom of expression and nation-building
VS Industry eyes RM150mil capex
What’s cooking in NY’s Upper East Side?
Asia Internet is no longer Cuscapi’s substantial shareholder
Singapore gets a break, Malaysia faces a hike
Wyn-ning solution for family travel
Maxim-um drive to reshape e-hailing
Shedding light on power tariff hike

Others Also Read