Indonesia: Petronas to invest

Malaysian state gas and oil company Petroliam Nasional Bhd (Petronas) plans to expand its businesses in Indonesia by investing USD 100 million this year. As quoted from the Jakarta Post, Petronas chairman and chief executive officer (CEO) Tan Sri Dato Sri Mohd Hasan Marican said that the investment would be allocated for strengthening the company’s upstream and downstream businesses here.

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