Malaysia’s Petronas sets up team for renewable energy push


Is PETRONAS exceeding its mandate, and a prime candidate for monopoly laws? Which parlimentary constituency are they part of?

Dateline 2018-12-27, Reuters:

Malaysian state-owned oil and gas firm Petroliam Nasional Berhad, or Petronas, has set up a new business within the group to make a push into renewable energy, the head of the new venture said on Tuesday.

Petronas has expressed interest over the last year to diversify into renewables amid low oil prices. In March, Chief Executive Wan Zulkiflee Wan Ariffin said Petronas will explore new business areas including new energy and that the company will assess opportunities in solar power.

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