Petronas has no plans to cut oil and gas production in Sabah despite falling global prices, citing long-term energy security and economic stability.
KUALA LUMPUR: National oil firm Petronas will not reduce its oil and gas production in Sabah despite a sharp drop in global prices.
Minister in the Prime Minister’s Department Datuk Seri Azalina Othman (pic) Said stated the federal government and multinational oil companies are closely monitoring world oil price developments.
“The management of oil and gas production, including in Sabah, is carried out based on comprehensive considerations and is not solely determined by short-term price changes,” she said.
Azalina’s reply was published on the parliament website in response to a question from Datuk Seri Dr Jeffrey G. Kitingan.
She explained that production decisions account for long-term energy supply security and continuity.
These decisions also aim to maintain industrial stability and generate income for the nation and producing states.
