PETRONAS

Media Releases - 2016

13/12/2016

PETRONAS TO MAKE VOLUNTARY CRUDE PRODUCTION ADJUSTMENT

PETRONAS will make the necessary adjustment to the country’s crude oil production level in line with the agreement reached between OPEC and non-OPEC producers, including Malaysia, on 10 Dec 2016 in Vienna, Austria, towards a more stable oil market.

The voluntary adjustment is expected to be implemented beginning from January 2017, taking into account prevailing market conditions and prospects.


Issued by

Media Relations Department
Group Strategic Communications
PETRONAS