Petronas's Pandora's Box
With local oil and gas reserves diminishing and armed with close to RM30 billion (US$9.1 billion) in cash, Malaysia's national oil company, Petroliam Nasional Bhd (Petronas), is seeking to expand aggressively overseas. The company has little choice.
A top Ministry of Finance official told Asia Sentinel in November that Malaysia is expected to become a ne…
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