Party chief visits Malaysia’s national oil & gas company

Party General Secretary To Lam at Malaysia’s national oil & gas company (Petronas) in Kuala Lumpur on November 22, part of his official visit to the country. (Photo: VNA)

Party General Secretary To Lam commended Petronas for its achievements as well as its cooperation outcomes with the Vietnam Oil and Gas Group (Petrovietnam) over the past more than three decades.

Emphasising the vital role of the oil and gas sector in energy security and national supply chain development, he suggested Petronas develop a strategic investment plan and expand its business operations in Vietnam in line with the freshly-established Comprehensive Strategic Partnership between the two countries. He also called for strengthened collaboration in emerging energy sectors.

Vietnam will continue perfecting its legal framework, improving its investment environment, and streamlining administrative procedures to facilitate sustainable and efficient business operations, he noted.

President & Group Chief Executive Officer Yang Mulia Tan Sri Tengku Muhammad Taufik briefed the Party leader on its collaboration in Vietnam and highlighted opportunities for cooperation in oil and gas and renewable energy.

He affirmed Petronas’ commitment to promoting collaboration in energy and key projects, contributing to ensuring energy security and shared prosperity./.