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    Home > Finance > Petronas says proposed joint venture with ENI to take 1-2 years to set up
    Finance

    Petronas says proposed joint venture with ENI to take 1-2 years to set up

    Published by Global Banking & Finance Review®

    Posted on June 17, 2025

    1 min read

    Last updated: January 23, 2026

    Petronas says proposed joint venture with ENI to take 1-2 years to set up - Finance news and analysis from Global Banking & Finance Review
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    Tags:partnershipjoint ventureinvestment

    Quick Summary

    Petronas and ENI's joint venture in Indonesia and Malaysia will take 1-2 years to establish, focusing on self-financed upstream assets.

    Petronas and Eni's Joint Venture Expected to Take 1-2 Years to Establish

    KUALA LUMPUR (Reuters) -Petronas' proposed joint venture with Italian energy group Eni on several upstream assets in Indonesia and Malaysia is expected to take one to two years to set up, said a Petronas executive on Tuesday at the Energy Asia conference.

    "The whole idea of having this as a combination is to have an independent entity created in order to be self-financed," said Mohd Jukris Abdul Wahab, executive vice president and chief executive of upstream for Petronas.

    (Reporting by Florence Tan and Ashley Tang; Writing by Emily Chow; Editing by Tom Hogue)

    Key Takeaways

    • •Petronas and ENI are forming a joint venture.
    • •The venture focuses on upstream assets in Indonesia and Malaysia.
    • •Setup is expected to take 1-2 years.
    • •The entity aims to be self-financed.
    • •Announcement made at the Energy Asia conference.

    Frequently Asked Questions about Petronas says proposed joint venture with ENI to take 1-2 years to set up

    1What is the expected timeline for the Petronas and Eni joint venture?

    The proposed joint venture is expected to take one to two years to set up.

    2What is the purpose of the joint venture between Petronas and Eni?

    The whole idea of the joint venture is to create an independent entity that can be self-financed.

    3Who is the executive vice president discussing the joint venture?

    Mohd Jukris Abdul Wahab, the executive vice president and chief executive of upstream at Petronas, is discussing the joint venture.

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