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

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)