Petronas says proposed joint venture with ENI to take 1-2 years to set up
KUALA LUMPUR :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.
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