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    The Hindu Business Line: Petronas ready to divest assets in Africa

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Summary

Petroliam Nasional Bhd (Petronas), Malaysia's state oil company, said it is ready to divest certain assets in Africa if growth prospects are limited.

by: Sruthi

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Press Notes, Africa

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The Hindu Business Line: Petronas ready to divest assets in Africa

Petroliam Nasional Bhd (Petronas), Malaysia's state oil company, said it is ready to divest certain assets in Africa if growth prospects are limited.

"We are looking at where we can divest in Mauritania and Cameroon," Sharbini Suhaili, vice-president for Petronas' international upstream operations, said at a media briefing on Thursday.

Petronas has one block in Mauritania producing 6,000 barrels of oil a day, and several gas assets in Cameroon, he said.

Unlisted Petronas, which accounts for most of the Malaysian government's oil and gas revenue, previously said the fall in oil prices could have a short-term impact on its projects.
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