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Petronas to sell US$3 billion of African upstream assets

 Last Update: 2022-09-06
 Source: Internet
 Author: User

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PETRONAS has started a tender for its upstream assets in Africa, the price of which could be as high as $3 billion, people familiar with the matter said

Petronas is working with a consultancy to assess investor interest in the portfolio, which includes operations in Chad, according to people familiar with the matter

The assets could attract other international energy companies or financial investors and could be sold in tranches to different buyers, the people said

The Malaysian company has also been considering various options for its African downstream assets, though it has not yet decided how to proceed, two of the people said

Petronas' website shows that it has upstream projects in countries including Chad, Egypt, Gabon, Gambia, Senegal and the Republic of South Sudan

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