Petros to allocate RM40b for capex over the next five years, says chairman

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KUCHING, Oct 31 — Petros, the Sarawak government-owned oil and gas company, is allocating about RM40 billion over the ne...

He said under their gas road map, Petros is developing four strategic hubs in Kuching, Miri, Bintulu and Similaju, with a potential investment of RM100 billion in the next few years, and together with Petronas, becoming the sole distributor of liquefied petroleum gas in Sarawak.“We also spent RM4.7 million in 2023 on our Corporate Social Responsibility initiatives and about the same amount in 2024, largely for education and health,” he added.

Also present was Sarawak Premier Tan Sri Abang Johari Tun Openg.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Petros Hamid bugo Capex Capital expenditure Sarawak

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 15:39:36 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

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Copyright Owner: © Malay Mail

News ID: 23348836

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