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Let’s not kill Petronas in oil royalty negotiations, PM says

The prime minister said Petronas is unique in that it’s the only company that is involved in all stages of the manufacture of oil and gas, from exploration, development, production down to petrochemicals. — AFP pic
The prime minister said Petronas is unique in that it’s the only company that is involved in all stages of the manufacture of oil and gas, from exploration, development, production down to petrochemicals. — AFP pic

The prime minister said Petronas is unique in that it’s the only company that is involved in all stages of the manufacture of oil and gas, from exploration, development, production down to petrochemicals.

“We don’t want to kill Petronas. If you take 40 per cent for oil royalty from its operating cost, Petronas will lose money,” he told reporters here.

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