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 readLast updated: January 23, 2026
Published by Global Banking & Finance Review®
Posted on June 17, 2025
1 min readLast updated: January 23, 2026
Petronas and ENI's joint venture in Indonesia and Malaysia will take 1-2 years to establish, focusing on self-financed upstream assets.
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)
The proposed joint venture is expected to take one to two years to set up.
The whole idea of the joint venture is to create an independent entity that can be self-financed.
Mohd Jukris Abdul Wahab, the executive vice president and chief executive of upstream at Petronas, is discussing the joint venture.
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