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PETRONAS ACQUIRES INTEREST IN MUNIR BLOCK IN IRAN
PETRONAS, through subsidiary PETRONAS Carigali Overseas Sdn Bhd, has acquired an interest in the onshore Munir Block in Iran from Edison International and Lundin (Munir) Ltd.
Under the newly-approved farm-in transaction, PETRONAS Carigali Overseas now owns a 30 per cent stake in the block, while Edison International and Lundin Munir have 40 per cent and 30 per cent stakes, respectively. (more…)
FINANCIAL CLOSE OF TRANSASIA’S PURCHASE OF STAKE IN INDONESIA’S GAS TRANSPORTATION COMPANY
PETRONAS International Corporation Ltd. (PICL) today announced the financial close of the purchase by Transasia Pipeline Company Pvt. Ltd. (Transasia), of a 40 per cent stake in PT Transportasi Gas Indonesia (TGI). TGI is a subsidiary of PT Perusahaan Gas Negara (PGN), Indonesia’s state-owned gas transmission company.
Transasia is a joint venture company incorporated in the Mauritius comprising a consortium involving PICL (35 per cent), CONOCO Indonesia Holdings Ltd (35 per cent), SPC Indo-Pipeline Co. Ltd. (15 per cent) and Talisman Transgasindo Ltd. (15 per cent). PICL is a wholly-owned international investment arm of PETRONAS. (more…)