(EnergyAsia, May 20 2011, Friday) — Malaysian state oil and gas company Petronas has set aside RM50 billion to 55 billion a year over the next five years in capital expenditure to replace aging oil and gas-producing assets, said company president and CEO Shamsul Azhar Abbas. (US$1=RM3).The planned capital spending for the coming years is…
MALAYSIA: Petronas to spend RM50-55 billion a year in capex over five years
Posted on May 20, 2011 by EnergyAsia