Listing of Petronas must be studied to be in accordance with PDA 1974, says Rafizi

Published on 15 Feb 2023 10:56:38 PM

The need to list Petroliam Nasional Bhd via an initial public offering (IPO) should be studied to ensure there is no conflict with matters enshrined in the Petroleum Development Act (PDA) 1974, said Rafizi Ramli.

The Economy Minister said that on Wednesday (Feb 15), adding that Petronas has certain exclusive rights, including its function of safeguarding, managing and regulating the country’s hydrocarbon resources.