Petronas denies talks about selling assets to Russians

Petronas has denied that it is holding talks with its Russian counterpart Zarubezhneft on the sale of the assets of the national oil and gas company.

In a brief statement to Malaysiakini today, Petronas said, “Petronas refers to a number of recent press reports originating from Russia on purported discussions for the disposal of specific Petronas ‘assets’ and ‘stake’.“We wish to clarify that Petronas has not been, and is currently not, in discussions with any Russian party for the abovementioned purpose.”

The company was responding to a report by the Russian news agency Tass last Friday, which quoted Russian Energy Minister Alexander Novak as saying that Zarubezhneft is interested in Petronas’ assets