KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will launch a new impartial entity by mid-2022 and likewise set up a centralised carbon administration unit because the group embarks on its subsequent part of progress. The nationwide oil firm can also be trying to spend up to RM50 billion on capital expenditure (capex) this 12 months.
Petronas president and group chief government officer Datuk Tengku Muhammad Taufik Tengku Aziz stated the new impartial entity would focus totally on cleaner vitality options and seize alternatives within the vitality transition section, alongside its core portfolio.
“We aren’t ditching hydrocarbons. This new entity can be launched someday in the midst of this 12 months and can present clients decrease carbon options in three core choices, specifically renewables, hydrogen, and inexperienced mobility,” he stated after asserting the group’s fourth quarter and the full-year monetary efficiency ended Dec 31, 2021 (FY21) right here at the moment.
Tengku Muhammad Taufik stated the carbon administration unit would speed up the group’s decarbonising efforts throughout all the built-in worth chain.
Petronas can also be trying to spend between RM40 billion and RM50 billion on capex within the monetary 12 months ending Dec 31, 2022 (FY22), in keeping with increased oil costs in contrast to RM30.5 billion in FY21.
Tengku Muhammad Taufik stated the capex can be allotted equally between home and worldwide operations. “There was a drop final 12 months when it comes to our capex on the again of the Brent crude value. Due to the surge in oil value, our capex steering undoubtedly will come again inside the RM40 billion to RM50 billion degree,” he added.
Petronas introduced a dividend of RM25 billion for FY21. – Bernama
