Upstream spending to anchor O&G outlook

RHB Research said midstream fundamentals remained resilient.

PETALING JAYA: Continued growth in upstream investments by Petroliam Nasional Bhd (PETRONAS) will remain a key support for Malaysia’s oil and gas (O&G) activities, says RHB Research.

In a note, the research house explained that while PETRONAS’ capital expenditure (capex) in the first-half period looked substantial, focus should instead be on the upstream segment.

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RHB Research表示，中游业务基本面依然保持韧性。

八打灵再也：RHB 研究表示，马来西亚国家石油公司 (PETRONAS) 对上游投资的持续增长将继续为马来西亚的石油和天然气 (O&G) 活动提供关键支持。

该研究机构在一份报告中解释说，虽然马来西亚国家石油公司（PETRONAS）上半年的资本支出（capex）看起来很大，但重点应该放在上游领域。

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