Petronas refutes Reuters report

Petronas Twin Towers, a major tourist attraction — file pic. // Photo: Pixabay

KUCHING, June 27:  Petronas stands to refute Reuters’ exclusive report with the headline “Malaysian energy giant’s board at odds with PM over payment to Sarawak state”.

“The alleged conflict between the Prime Minister, Petronas and its shareholder is merely a speculation,” said Petronas in media release yesterday.

In response to Reuter’s report on June 26, Petronas asserted that It, together with its shareholder, is still in the middle of negotiating with the Sarawak government to arrive at an appropriate commercial resolution, which is in line with the joint statement issued on May 8, 2020.

“We remain committed in working closely with our Sarawak counterparts and our stakeholders to reach the best outcome on this matter. Our aim is to achieve a resolution that will lead to a more stable and conducive business and investment for the oil and gas industry, which will be especially important given current market challenges,” said Petronas.—DayakDaily