Malaysia's Anti-graft Agency Says Probing Petronas, International Oil Firm

Mei Mei Chu and Rozanna Latiff;
Friday, May 26, 2023

Malaysia's Anti-Corruption Commission (MACC) on Friday said it is investigating allegations of corruption involving state oil firm Petronas and an international oil and gas company.

Petronas has cooperated fully with the commission in the investigation involving a project worth 399 million ringgit ($89.97 million) in the state of Sarawak, the MACC said in a statement. 

The commission did not identify the project or the international oil firm under investigation. Petronas did not immediately respond to a request for comment. 

The MACC said it had found "several weaknesses in practices, systems and work procedures" in its probe. 

"Accordingly, the Commission has proposed improvements to the standard operating procedures as preventive measures," it said. It urged parties with information on the case to come forward to assist the probe. 

($1 = 4.4350 ringgit) 

(Reuters - Reporting by Mei Mei Chu and Rozanna Latiff; Editing by Kanupriya Kapoor)

Categories: Energy Industry News Activity Asia Regulations

Related Stories

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

China Rolls Out 17MW Floating Wind Turbine Prototype

CNOOC Finds Oil and Gas in South China Sea

Valeura Makes Progress with Multi-Well Drilling Campaign in Gulf of Thailand

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

Current News

Cheniere, JERA Ink Long-Term LNG Sale and Purchase Agreement

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

Seatrium Engages Axess Group to Clear FPSOs for Brazil Deployment

Inpex Picks FEED Contractors for Abadi LNG Onshore Plant

Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

ADNOC Signs Long-Term LNG Deal with Hindustan Petroleum Corporation

Sapura Energy Rebrands to Vantris Energy

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

CNOOC Brings New Offshore Gas Field On Stream

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com