The oil and gas industry outlook in 2021 is expected to remain challenging due to the unprecedented demand destruction from the COVID-19 pandemic which has made a profound impact on both the domestic and global markets, said Petroliam Nasional Bhd .
“Petronas has taken measured steps that demonstrate our stronger commitment to sustainability as we take cognisance of the acceleration of the global energy transition, heightened by stakeholder expectations and the vast opportunities,” said president and group chief executive officer Tengku Muhammad Taufik in a statement.
Petronas today released its annual Petronas Activity Outlook for 2021-2023 to share the company’s insights into industry trends, demand outlook and the upcoming activities of Petronas’ Upstream, Gas and New Energy and Downstream businesses.