Tag Archives: PETRONAS

Petronas will continue to focus on growing its crude oil business which now contributes to 80% of its $1.5 billion revenue from India.

The column. measuring 10 metres wide and 66 metres in height weighs 1.300 tonnes. making it among the biggest single crude distillation column in the refining industry.

A number of First Nations and environmental groups sued the federal government and Petronas unsuccessfully to try to stop the project.

Under these alliances. Japex will own 33% of the power plant business.

The biggest exploration expenses are expected for blocks Parsa and Bamdad in the Gulf. amounting to 80 million euros and 75 million euros respectively.

Iran needs foreign investment for repairs and upgrading of its oil and gas fields.

Iran'.s oil minister said in May that the international tender for the Azadegan oilfield was underway.

Tehran is looking to ramp up its crude output and with 37 billion barrels of oil.

Iran has named 29 companies from more than a dozen countries as being eligible to bid for oil and gas projects.

The company will allocate $1 billion to expand the fields in the first phase and if required.