Petronas: Nothing to Russian talks

More grist for the rumor mill. Yes, those Russian are lying. And yes, hold your PETRONAS stocks.

Dateline 2016-05-25, UPI:

Malaysian energy company Petronas said it was not the target of a sale of its assets or any of its stakes to counterparts in the Russian energy sector.

The Malaysian company referred to Russian reports suggesting it may dispose of some of its interests.

“We wish to clarify that Petronas has not been and is currently not in discussions with any Russian party for the abovementioned purpose,” the company said in a statement.

Last week, Russian Energy Minister Alexander Novak said markets in the Asia-Pacific may see an increase in exports of natural resources from Russia. He said talks between Russian energy company Zarubezhneft and Petronas were part of that effort.


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