diminishing hydrocarbon reserves could hurt the long-term programmes and profitability of Malaysian state energy company Petronas, said stock analyst Aseambankers. For the last financial year to March 31 2008, Petronas was able to replace only half its hydrocarbon reserves, due largely to the rapid depletion of international fields. Its reinvestment profit ratio of 29% remains…
MALAYSIA: Rising cost, project delays and reserves depletion could hurt Petronas, says analyst
Posted on July 27, 2008 by EnergyAsia