CLICK TO ENLARGEPETALING JAYA: Having suffered slow job flows this year, the guidance by Petroliam Nasional Bhd( Petronas) for a higher capital expenditure( capex) from 2022 onwards comes as good news to domestic oil and gas( OG) players. National oil producer Petronas is allocating an average annual capex of RM20bil in upstream activities in 2022-2027, with 60% of the allocation benefiting the domestic upstream space.As most of the local names in the OG industry are equipment or service provide
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2021-12-02 00:00:00.0