"Khatami said he would like to see Petronas be active in the oil and gas industry in Iran," the daily cited Abdullah as saying. "I agree and would like to see a bigger involvement by Petronas in oil and gas exploration in Iran," Abdullah said, according to Star.
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Malaysia Continues to Operate In Iran
Petronas will not pull out of a joint venture project to develop field in Irabn
Malaysia's national oil company Petronas will not pull out of a joint venture project to develop a $2 billion dollar gas field in Iran despite the Petronas chief's doubts about the deal, news reports said Friday, Associated Press reported.
Malaysian Prime Minister Abdullah Ahmad Badawi and Iranian President Mohammad Khatami met in Tehran on Thursday and both leaders agreed that Petronas should not pull out of the project as suggested by the company chief recently.
Petronas chief executive Mohammad Hassan Marican said last week that the company was reviewing its participation in the liquefied natural gas project and may withdraw "if the commercial terms do not meet our financial criteria." He did not elaborate.
"Khatami said he would like to see Petronas be active in the oil and gas industry in Iran," the daily cited Abdullah as saying. "I agree and would like to see a bigger involvement by Petronas in oil and gas exploration in Iran," Abdullah said, according to Star.
"Khatami said he would like to see Petronas be active in the oil and gas industry in Iran," the daily cited Abdullah as saying. "I agree and would like to see a bigger involvement by Petronas in oil and gas exploration in Iran," Abdullah said, according to Star.
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