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Petronas to buy stake in Al Khazzan
Oct. 22, 2018
Source: The Star

Petronas to buy stake in Al Khazzan

After a bidding held by Oman Oil Company, Malaysia’s Petronas informed that its subsidiary, PC Oman Ventures Ltd, will buy 10% stakes in Al Khazzan gas field of Oman. The subsidiary of Petronas will procure the stakes in Block 61 of the field and its expected production capacity is 1.5 billion cubic feet per day by 2020. Oman Oil Company Exploration and Production has 40% stakes in the block.

   Read More About : Acquisitions Petronas Gasfield Oman
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