Petronas News

Petronas News From AOL News

Iraq Inks Deals With Cautious Oil Majors

(Dec. 11) -- Is Iraqi oil ready to flow again? Two deals struck Friday with foreign energy companies to develop fields in Iraq demonstrate a renewed eagerness to exploit the country's vast petroleum reserves. But they also show the hurdles still hindering Baghdad's bid to again become a major oil producer. Oil has been...

Background on Petronas

PETRONAS, short for Petroliam Nasional Berhad, is a Malaysian oil and gas company that was founded on August 17, 1974. Wholly owned by the Government of Malaysia, the corporation is vested with the entire oil and gas resources in Malaysia and is entrusted with the responsibility of developing and adding value to these resources.

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