Petronas chief to see tenure extended, says report
Tengku Muhammad Taufik Aziz has received a second extension as president, group CEO and executive director, according to a report in The Edge.
The chief executive officer of Malaysia's national oil company, Petronas, is set to remain in his position following an extension of his contract, according to a report in The Edge. Tengku Muhammad Taufik Aziz, who previously served as president, group CEO, and executive director, had his tenure expire in July. The newspaper reported this information, citing unnamed industry sources.
The new contract may last for at least two years, according to the report. Petronas has not responded to inquiries about the extension. This move is expected to provide continuity as Malaysia navigates the energy crisis caused by the Middle East conflict. The government is also working to extend its energy supplies until December, with Petronas seeking additional fuel from overseas, including Africa, to increase its reserves.
Currently, Petronas is involved in a legal dispute with Sarawak, Malaysia's largest and most resource-rich state, over control of gas resources. Sarawak operates one of the world's largest liquefied natural gas terminals and holds 70% of Malaysia's gas reserves.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
