Dateline 2012-01-05:
Malaysia’s oil and gas (O&G) sector is set for exciting days ahead as national oil company Petroliam Nasional Bhd (Petronas) prepares to dish out more contracts this year and commence mega projects, according to HwangDBS Vickers Research.
“We expect Malaysia’s O&G upcycle to start in 2012 with Petronas going full throttle to sustain oil production. Petronas’ record RM300bil five-year capital expenditure will be a strong re-rating catalyst for Malaysian O&G players.
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