KUALA LUMPUR (March 16): Petroliam Nasional Bhd (Petronas) has announced the Hong Kong listing renewal of its wholly-owned subsidiary’s Petronas Capital Ltd’s US$15 billion (about RM61.65 billion) global medium term note programme, which is now jointly issued by Petronas Capital and Petronas Energy Canada Ltd.
In statements on Petronas’ website, Malaysia’s national oil company said the US$15 billion programme’s listing renewal on the Stock Exchange of Hong Kong for 12 months after Feb 26, 2021, became effective on March 2, 2021.
Petronas Energy Canada is a wholly-owned subsidiary of Petronas, according to the statements.
According to Petronas, which is the guarantor of the US$15 billion programme, Petronas Capital had initially established the US$15 billion scheme on March 4, 2015 for issuance of notes from time to time”.
Activist investor urges Exxon shareholders to vote against 4 directors thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
Crude oil demand on stronger trajectory: MIDF Research
Crude oil demand is likely to be stronger in the second half (2H) of 2021 spurred by ongoing vaccination progress, according to MIDF Research.
Analyst Noor Athila Mohd Razali said the recent development on the global vaccination drive had returned some of the confidence into the market with businesses and consumer spending are expected to drive demand for crude oil and crude-related products.
“Due to the global vaccination drive coupled with the continued production cut, we expect crude oil to be in an undersupply position in the second quarter (Q2) and potentially in the third quarter (Q3) before reverting to an oversupply position in the fourth quarter (Q4) of 2021,” she said in a report today.
PETALING JAYA: Petroliam Nasional Bhd’s (Petronas) decision to put up 13 offshore exploration blocks for bidding in the 2021 Malaysia Bid Round (MBR),.
Petronas Suriname unit taps Fugro to conduct seep survey and geochemical campaign for offshore block theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.