Petronas chief: National oil companies not exempt from investor pressures

Southeast Asian national oil companies are facing the same pressures as their international counterparts to deliver healthy returns while also fulfilling their social mandates, chief executive of Malaysia’s Petronas said on Tuesday.

Like international oil companies, they are also under pressure to pursue the seemingly conflicting goals of increasing hydrocarbon production to boost energy security at home while aggressively investing in renewable and low-carbon energies to help meet national emission-reduction targets, Petronas chief executive Tengku Muhammad Taufik told an audience in London.