Malaysian major Petronas mulls $1b stake sale in offshore gas project

Malaysian major Petronas mulls $1b stake sale in offshore gas project

Emblem of Malaysia, the Petronas Twin Towers

Malaysian state-owned oil and gas firm Petronas is aiming to sell a large minority stake in a prized upstream local gas project for up to $1 billion as it seeks to raise cash and cut development costs, two sources familiar with the matter said.

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