Petronas to resume cooperation with Iran
Petronas President & CEO, Wan Zulkiflee Wan Ariffin, said on Wednesday that each barrel of oil can be sold for about 30 dollars on the market when sanctions against Iran are lifted.
He said Petronas stopped importing crude oil from Iran in 2012 but it will consider purchase of oil from the Middle Eastern country when sanctions are lifted.
The official, who was present in ceremonies to unveil the Iran Petroleum Contract (IPC) in Tehran in November, said his company is eager to cooperate with National Iranian Oil Company.
National Iranian South Oil Company, affiliated to the NIOC, and Malaysian Petronas held a joint seminar in Tehran in October.
About Petronas:
Petroliam Nasional Berhad (PETRONAS) established in 1974, is Malaysia’s fully integrated oil and gas multinational ranked among the largest corporations on FORTUNE Global 500®. As the custodian for Malaysia’s national oil and gas resources, we explore, produce and deliver energy to meet society’s growing needs.
The growing demand for energy inspires and strengthens our purpose to steadily drive for new solutions and push boundaries towards a sustainable energy future.
We apply innovative approaches to technology which helps us unlock and maximise energy sources from even the most remote and difficult environments. Our fully integrated value chain spans from exploration to marketing, logistics to technological infrastructures, with operations in over 50 countries around the world.
Throughout our rapidly expanding network and steady growth trajectory, PETRONAS has consistently and successfully implemented various social, environmental and community programmes, guided by its larger Corporate Sustainability Framework, in carrying out business in a socially responsible and holistic manner for the benefit of both the present and future generations.
