Iran General NewsMalaysia Petronas keen on Iran, posts record profit

Malaysia Petronas keen on Iran, posts record profit

-

ImageReuters: Malaysian state-oil-firm Petroliam Nasional (Petronas) is still interested in investing in Iran although it is assessing its involvement in the Pars LNG project due to rising costs, Chief Executive Officer Hassan Marican said.

ImageKUALA LUMPUR, July 15 (Reuters) – Malaysian state-oil-firm Petroliam Nasional (Petronas) is still interested in investing in Iran although it is assessing its involvement in the Pars LNG project due to rising costs, Chief Executive Officer Hassan Marican said.

Petronas posted a net profit of $18.1 billion for the 2007/2008 year compared with $12.9 billion a year ago, Hassan said. (Reporting by Faisal Aziz)

Latest news

US Preparing for a Long-Term Blockade of Iran’s Ports

The Wall Street Journal, citing US officials, reported that US President Donald Trump has ordered preparations for a long-term...

War Economy and Stagflation in Iran

Unemployment and inflation in a war for which the Iranian regime is the primary cause are no longer merely...

Transfer of a death-row political prisoner to solitary confinement in Urmia, Iran

Punitive transfer of death-row political prisoner Mehrab Abdollahzadeh to solitary confinement in Urmia Prison Mehrab Abdollahzadeh, a political prisoner sentenced...

Restrictions, Pressure, and Detention of Families of Opponents of Iran’s Regime

According to a report by Sky News on April 26, Iran's regime has intensified its repressive policies against opponents. In...

Iran’s Regime Ramps Up Execution of Baluch Political Prisoners to Control Society

Documented reports from recent years show that the execution of Baluch political prisoners in Iran has become a consistent...

Iran’s Regime Nearing Oil Export Deadlock

Bloomberg, citing the analytics firm Kpler, reported that the Iranian regime is facing a growing oil storage crisis, with...

Must read

UK suspect in Iran missile plot handed over to US

AP: A retired British businessman accused of plotting to...

U.S. grand jury probing Deutsche Borse unit’s ties to Iran bank

Reuters: A U.S. grand jury is probing whether Deutsche...

You might also likeRELATED
Recommended to you