Petronas Mulls Divestment of African Upstream Assets for $3 Billion

Petronas. Bigstock

Despite the company’s position currently within the early stages of deliberation – with no certainty that its consideration would result in transaction – Petronas has also considered options for its downstream assets in Africa.

Additionally, with the company having stated that it undertakes regular reviews of its global portfolio, it was reported in February that Petronas has been planning to offload its assets in Myanmar and Azerbaijan as part of a global operational reorganization strategy to ensure resilience amidst an evolving energy landscape in the wake of the global energy transition.

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Onur Yilmaz

Onur Yilmaz

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