Petronas ready to expand business in India

| New Delhi, India | 14 Nov  2016 | Asia Samachar |

Petroliam Nasional Bhd (Petronas) says it is ‘committed to explore business growth opportunities’ across all segments of the oil and gas value chain in India.

“India has always been an important market for PETRONAS as we see great potential to grow further with our partners and customers,” said Petrons President/Group CEO Wan Zulkiflee Wan Ariffin in a statement dated 13 Nov 2016.

The Malaysian national oil and gas company released the statement in conjunction with a series of receptions held for partners and customers in Mumbai and New Delhi.

As part of its business strategy, Petronas said it will continue to invest in expanding its capacity in commodity chemicals and refined products, and enhance its product offerings to include differentiated and specialty chemicals for its customers worldwide.

India, one of the most competitive economies and the fourth largest LNG market in the world also presents vast potential for Petronas, the statement noted.

Wan Zulkiflee said Petronas was keen to explore opportunities in the Indian LNG market and was working to establish a liaison office to help grow its business in the country.

With decades of experience as an integrated end-to-end LNG player and currently the third-largest producer of LNG in the world, Petronas also boasts a sterling reputation of being a reliable supplier among its LNG customers, it added.

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