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Asia Sentinel
Petronas's Pandora's Box

Petronas's Pandora's Box

Our Correspondent
Jan 07, 2008
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Asia Sentinel
Asia Sentinel
Petronas's Pandora's Box
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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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