Malaysia’s Petronas Posts Higher Profit in 2022

Capital expenditure for 2023-2027 will be increased to about 300 billion ringgit from 208.5 billion ringgit in 2018-2022, it said.

They foresee raising capital expenditures through partnerships, mainly energy investors, rather than through capital markets, Tengku Taufik said.

Meanwhile, up to 20 percent of its annual capital expenditure, or up to 12-15 billion ringgit per year, will be committed to de-carbonization and energy transition.

This article has been translated from Indonesian, partly with the help of an artificial intelligence tool.

(Writer: Mela Arnani | Editor: Mela Arnani)

Source: https://money.kompas.com/read/2023/03/14/110542626/petronas-catat-laba-bersih-tahun-2022-rp-348-triliun-tertinggi-sepanjang?page=all#page2.