Petronas, Pertamina among national oil companies at highest risk of not generating public returns in net-zero world ...Middle East

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As oil becomes more expensive to produce and its demand falls in line with a future where global temperature increase is limited to 1.5 degrees Celsius, national oil companies are at risk of not being able to deliver returns on public funds. In Southeast Asia, this risk is highest for Malaysia’s state-owned oil firm Petronas and its counterpart in Indonesia, Pertamina, according to the Natural Resources Governance Institute (NRGI), an independent non-profit organisation. The two companies are among the top four national oil companies in the world that stand out for having “high-cost oil that is at real risk of not generating public returns to citizens,” said Patrick Heller, chief programme

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Petronas, Pertamina among national oil companies at highest risk of not generating public returns in net-zero world ...Middle East

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