BUSINESS › NEWS






Petros To Become Active O&G Player In 2 Years - Abang Johari


Last update: 14/01/2018

MIRI, Jan 14 (Bernama) -- Petros, an oil and gas (O&G) company which is wholly-owned by the Sarawak government, targets to become an active player in the O&G industry within two years.

Chief Minister, Datuk Patinggi Abang Johari Tun Openg, said the company would try to exploit all opportunities in the O&G industry once it is operational.

"Wait two years for Petros to take active participation in the oil and gas industry," he said during the opening of the Parti Pesaka Bumiputera Bersatu (PBB) Miri Zone 10 delegates meeting here today.

Petros was established in August 2017 to enable the state government to participate directly in the O&G industry in Sarawak.

In November 2017, Petros Chairman, Tan Sri Hamid Bugo, was reported as saying the company was expected to start operations in the first quarter of 2018, and was looking for a suitable candidate to fill the post of the Chief Executive Officer.....