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ECM: Oil & Gas: Petronas to spend RM45bn on Sabah petroleum sector

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Publish date: Fri, 17 Feb 2012, 11:36 AM
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Petronas is committed to invest around RM45bn in the upstream and downstream activities in Sabah following the discovery of new gas fields. Starting with one of the downstream initiatives, Project Ammonia Urea Sabah (Samur), Petronas via Petronas Chemical Group Bhd (PetChem), invested RM4.5bn to add value to the hydrocarbon from the new gas fields offshore, discovered together with production-sharing partners. No timeline has been given for the capex planned. (Financial Daily)

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