World Bank: Petronas' investments locally and abroad ensure sustainable oil wealth

The World Bank in its Malaysia Economic Monitor report said Petronas have made significant investments domestically, both in upstream exploration and production as well as downstream industries. Entitled “Harnessing Natural Resources”, the report took into consideration discussions and comments from public and private sectors as well as foreign institutions. Among the parties involved were SMU, the Economic Planning Unit in the Prime Minister’s Department and Bank Negara Malaysia.