Azernews.Az

By Trend

Malaysia’s national oil and gas company Petronas doesn’t rule out possibility of re-entering Uzbekistan and is in constant search for new opportunities, the company representative told Trend on Oct. 2.

In mid-September 2018 the Malaysian national information agency Berita Nasional Malaysia (BERNAMA) published an article about bilateral relations with Uzbekistan. Author of the article underlined that the relations can be expanded through increased trade, economic and investment cooperation, including through resumption of the presence of Petronas in the oil and gas sector of Uzbekistan.

According to the article, based on the current political and economic spheres in both countries, it was imperative that Petronas re-established its footprint in Uzbekistan after significant reforms were adopted by the two-year-old government of Uzbek President Shavkat Mirziyoyev.

The company representative said that Petronas is always open for new partnerships. He, however, didn’t comment on whether Petronas is currently holding any negotiations with Uzbekistan’s oil and gas company Uzbekneftegaz.

"Petronas regularly reviews its business portfolio group-wide and is always open to partnerships that can bring value and more opportunities that fit our business requirements," the rep said.