Petronas earmarks higher domestic capex for this year


Ah, 20/20 hindsight:

Dateline 2020-02-26, Malay Mail:

Petroliam Nasional Bhd (Petronas) is maintaining its annual capital expenditure (capex) at RM50 billion for 2020, but domestic capex will increase by more than 10 per cent to between RM26 billion and RM28 billion.

President and group chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin said the higher capex allocated for domestic operations would be spent predominantly on upstream activities.

“There are a few projects. Some are ongoing. A lot of projects that we have already started, we need to continue.

…

This entry was posted on Wednesday, April 15th, 2020 at 6:04 am and is filed under 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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