PETRONAS insists has been transparent about overseas operations


Dateline 2013-06-05, Malaysian Insider:

PETRONAS insisted today that it has kept to international standards in disclosing its overseas operations, amid calls for an audit by opposition leaders last week.

Malaysia’s ranking in a revenue management transparency survey dropped to 34th spot this year from 22nd in 2010, which the minister in charge of integrity and corruption, Datuk Paul Low, had attributed to PETRONAS’ overseas agreements disclosures.

“I think we have disclosed a lot of information on all of our overseas projects,” executive vice president of finance Datuk George Ratilal told reporters here, disagreeing with Low.

“Talking of transparency and all that, this is one national oil company that I think have been very transparent in what they do.”

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This entry was posted on Tuesday, June 25th, 2013 at 6:00 am and is filed under business opportunity, Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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