Global benchmark Brent crude dipped on Thursday as concerns about mounting supply returned after a brief rally earlier in the session on comments that Saudi Arabia’s exports would fall in August.
Petronas, which has more than two decades of strategic partnerships in India, is enhancing its business strategy to strengthen and expand its presence in the world’s fastest-growing economy, said its President and Group CEO, Datuk Wan Zulkiflee Wan Ariffin, in a press release issued on Thursday.
Saudi Arabia’s energy minister Khalid Al-Falih said on Monday that oil markets were rebalancing after years of oversupply, but that he still expected an Opec-led deal to cut output during the first half of the year to be extended to all of 2017.
Tenaga Nasional Bhd’s (TNB) repair and maintenance arm TNB Repair and Maintenance Sdn Bhd (TNB Remaco) will set up a refurbishment and maintenance facility in India, its first outside Malaysia.
Mudajaya Group Bhd’s long-delayed independent power producer (IPP) project in Chhattisgarh, India, is set to supply power to Uttar Pradesh Power Corp Ltd (UPPCL).