PETRONAS Denies Plans to Sell Upstream Assets to Russian Party
Malaysia's national oil company (NOC) Petroliam Nasional Berhad (PETRONAS) denied Wednesday that it has held or is holding discussions regarding the sale of upstream assets or stakes in such assets to any Russian party.
"PETRONAS refers to a number of recent press reports originating from Russia on purported discussions for the disposal of specific PETRONAS 'assets' and 'stake'," the firm said in the press statement.
"We wish to clarify that PETRONAS has not been and is currently not in discussions with any Russian party for the abovementioned purpose."
PETRONAS' comments follow remarks by Russian Energy Minister Alexander Novak May 20 that state-owned Zarubezhneft was considering the purchase of upstream assets from the Malaysian NOC, Reuters reported Wednesday.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 9 Offshore Rigs
- Exec: Petronas' Canadian Unit To Look At Other LNG Opportunities (Oct 11)
- Adviser: Malaysia's Petronas Puts Some Canadian Assets Up For Sale (Oct 04)
- Petronas Chem Sells Half Of Polymers Business To Saudi Aramco For $900MM (Oct 02)
Company: Zarubezhneft more info
- PETRONAS Denies Plans to Sell Upstream Assets to Russian Party (May 25)
- Total to Transfer 20% Interest and Operatorship of Kharyaga PSA (Jan 21)
- Russia Oil Output at Post-Soviet High on Foreign Projects, Rosneft (Oct 02)