Petronas Doubles Capex To Nearly Rm60b For 2022


 


Petronas has set aside a higher capital expenditure of nearly RM60 billion for the financial year ending Dec 31, 2022 (FY2022), of which 10 percent will be spent on non-traditional spaces such as speciality chemicals and solar energy to achieve its net-zero carbon emissions target by 2050.
Group chief financial officer Liza Mustapha said the 10 percent allocation is the national oil company’s inaugural capex for clean energy spaces.
“Previously, I think there was never a plan on what rate it should be (for the clean energy segment) because there was no allocation from the top, so it didn’t really take off.
“So, we need to deliberate in terms of our capital allocation decision, and set it aside... because if we just leave it and let them go with the flow, then we will be one year behind (from achieving the target) all over again,” she said at a virtual MIDF Conversations session with MIDF group managing director Charon Mokhzani today.
On the RM60 billion capex, Liza said it was doubled from the RM30 billion in FY2021 due to the catch-up and return of economic activities.
She said the capex would be utilised for ongoing and new projects, of which half of it being spent on domestic projects while the remaining is for overseas projects.
On the current soaring crude oil prices, Liza said Petronas remains prudent in terms of predicting the crude oil prices and would stick to the fundamental price of US$50-60 per barrel (RM219.67 - RM263.61) in the long run.
“That is the basis of how we sanction our projects, therefore, the projects should be robust regardless of the oil price volatility.
“If the prices go up, like what Goldman Sachs Group, Inc. expected that Brent crude would average over US$140 (RM615.09) per barrel, we just need to be agile enough to capture the upside while the upside is still there,” she said.
Meanwhile, Liza agreed that the weakening ringgit against the greenback, coupled with the high crude oil prices, had given a double bonanza for the oil and gas giant thus far.
Moving forward in FY2022, she expects Petronas to continue registering a triple-digit growth in earnings, tracking Q1 FY2022 growth that saw the net profit surging 154.15 percent to RM23.44 billion from RM9.22 billion in the same period last year.
On the Pengerang Integrated Complex, Liza said the 50:50 joint venture between Petronas and Saudi Aramco had resumed operations, and both companies had been working closely together, especially towards the start-up of the refinery and petrochemical businesses.
- Bernama


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2022/06/petronas-doubles-capex-to-nearly-rm60b.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Now Is Not The Time To Reintroduce Gst As It Is Not A Panacea For All Nations New Straits Times 03 06 2022

Now Is Not The Time To Reintroduce Gst As It Is Not A Panacea For All Nations New Straits Times 03 06 2022

papar berkaitan - pada 4/6/2022 - jumlah : 253 hits
Article by New Straits TimesNOW IS NOT THE TIME TO REINTRODUCE GST AS IT IS NOT A PANACEA FOR ALL NATIONS
What Is Best Waist Trainer For Women 2022

What Is Best Waist Trainer For Women 2022

papar berkaitan - pada 28/5/2022 - jumlah : 241 hits
What Is Best Waist Trainer For Women 2022 If you have decided that this is the year to make changes in your lifestyle your body and your style I think you are missing something to complement all that something that you have never thought yo...
Jakim Suspends Slaughtering Approval For Australian Halal Abattoir The Vibes 14 05 2022

Jakim Suspends Slaughtering Approval For Australian Halal Abattoir The Vibes 14 05 2022

papar berkaitan - pada 28/5/2022 - jumlah : 172 hits
PUTRAJAYA The slaughtering approval granted by Malaysia Thomas Foods International Lobethal has been suspended with immediate effect until a thorough investigation into the slaughterhouse is done Malaysia Islamic Development Department dire...
Mot Can Suspend Revoke Licenses Of E Hailing Operators For Overcharging Passengers Bernama 25 05 2022

Mot Can Suspend Revoke Licenses Of E Hailing Operators For Overcharging Passengers Bernama 25 05 2022

papar berkaitan - pada 3/6/2022 - jumlah : 228 hits
PUTRAJAYA May 25 The licenses of e hailing operators can be revoked or suspended if they violate the allowed surcharge amount which is set at 200 per cent of the base fare said Transport Minister Datuk Seri Dr Wee Ka Siong He said the Land ...
3 Types Of Shed Designs For Your Outdoor Areas In 2022

3 Types Of Shed Designs For Your Outdoor Areas In 2022

papar berkaitan - pada 4/6/2022 - jumlah : 188 hits
There are many of those who think that the shed is a thing of the past at least when talking about modern homes But a shed is not just something you need on a farmhouse The post appeared first on
Ahsan Hendra Sapa Penggemar Di Ajang Indonesia Open 2022

Ahsan Hendra Sapa Penggemar Di Ajang Indonesia Open 2022

papar berkaitan - pada 16/6/2022 - jumlah : 236 hits
Ahsan Hendra Sapa Penggemar di Ajang Indonesia Open 2022 Perhelatan Indonesia Open 2022 yang berlangsung mulai Selasa hingga Minggu diwarnai acara jumpa penggemar dengan idola atlet bulu tangkis
Launching Piala Presiden 2022

Launching Piala Presiden 2022

papar berkaitan - pada 7/6/2022 - jumlah : 123 hits
Launching Piala Presiden 2022 Piala Presiden 2022 akan berlangsung pada 11 Juni hingga 17 Juli mendatang Sebanyak 18 klub Liga 1 bakal ikut serta dalam kejuaraan dan berlangsung di empat kota selama fase grup
Home Construction Trends In 2022

Home Construction Trends In 2022

papar berkaitan - pada 7/6/2022 - jumlah : 167 hits
Every year new trends in home building take the industry by storm 2022 has seen its own exciting innovations that will forever change how we remodel and build our homes Check out our top six The post appeared first on
Anwar Slams Hypocritical Criticism Over His Response To Najib S Apology

A Sucker Punch For Rm1 000 What S The Value Of Dignity In Malaysia

Makan Malam Tiga Beranak Di Adam Kitchen

Rakyat Malaysia Jadi Tentera Upahan Di Ukraine Dipercayai Masih Hidup Kpn

Tan Sri Vincent Tan Dan U Mobile

Empat Sekawan Dipenjara Tiga Tahun Culik Budak Perempuan

Pengalaman Anak Kena Prolonged Jaundice

Sabah Air Belum Mohon Lesen Perkhidmatan Udara Kata Menteri Pengangkutan


echo '';
Biodata Terkini Penyanyi Illa Sabry Peserta Gegar Vaganza 2024 Musim 11 GV11

Info Dan Sinopsis Drama Berepisod Senyawa iQIYI Malaysia

Info Dan Sinopsis Drama Berepisod Project Projek Exit Astro Originals

Pelajari Asal Usul Nama Makhluk Seram Kisah Fiksyen Barat Yang Terkenal

10 Fakta Filem Kahar Kapla High Council Yang Ramai Tak Tahu Prekuel Drama Project Projek High Council


Tv Samsung Rosak Tamat Tempoh Hayat

30 Lagu Bakal Berentap Dalam Muzik Muzik 39 Separuh Akhir Siapa Akan Mara Ke Ajl 39

Celebrity Legs And Feet In Tights Variety Pack 143

Cucur Sayur

Kedah Jheaik Siasat Tok Kadi Buli Pengantin

Seorang Wanita Tergamak Penggal Kepala 2 Anak