Govt told to consider its finances before taking over Sapura Energy


Economy Minister Mustapa Mohamed says the government must review its financial performance before making a decision on the Sapura Energy Bhd takeover proposal. – The Malaysian Insight file pic, May 14, 2022.

PUTRAJAYA must look at its financial performance before making a decision on the proposal for Petroliam Nasional Bhd (Petronas) to take over Sapura Energy Bhd to prevent the latter from going bankrupt.

Economy Minister Mustapa Mohamed said careful consideration must be taken as the oil and gas industry is a strategic industry, and Sapura Energy Bhd is the second largest integrated oil and gas service provider in the world.


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