TotalEnergies states commitment to increase investment in Malaysia’s upstream O&G sector

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KUALA LUMPUR: TotalEnergies, a global energy supplier company based in France, has stated its commitment to increasing its investment in Malaysia’s up...

: TotalEnergies, a global energy supplier company based in France, has stated its commitment to increasing its investment in Malaysia’s upstream oil and gas sector, said Prime Minister Datuk Seri Anwar Ibrahim.

Earlier, Anwar met with TotalEnergies chief executive officer and chairman Patrick Pouyanne on the sidelines of the World Economic Forum Special Meeting in Riyadh, Saudi Arabia. “TotalEnergies was established in 1984 in Malaysia and has investments in various sectors in the country including renewable energy, electricity, oil and carbon storage.

Recently, TotalEnergies signed an agreement with Sapura Upstream Assets Sdn Bhd to acquire its 50 per cent interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn for US$530 million , subject to closing adjustments.

 

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