PETALING JAYA: Petroliam Nasional Bhd (Petronas) has categorically denied reports and speculations on purported “talks with the government on a proposal to take a significant stake” in Sapura Energy Bhd.

       “The group has always been and would continue to be strictly guided by an established framework for any investment or divestment consideration,” it said in a statement yesterday.

       The national oil and gas (O&G) company emphasised that it remains committed to working closely with O&G, services and equipment players, leveraging their expertise and capability as activities increase in line with the industry’s recovery from the impact of Covid-19.