Malaysia's Anti-graft Agency Says Probing Petronas, International Oil Firm

©dron285/AdobeStock
©dron285/AdobeStock

Malaysia's Anti-Corruption Commission (MACC) on Friday said it is investigating allegations of corruption involving state oil firm Petronas and an international oil and gas company.

Petronas has cooperated fully with the commission in the investigation involving a project worth 399 million ringgit ($89.97 million) in the state of Sarawak, the MACC said in a statement. 

The commission did not identify the project or the international oil firm under investigation. Petronas did not immediately respond to a request for comment. 

The MACC said it had found "several weaknesses in practices, systems and work procedures" in its probe. 

"Accordingly, the Commission has proposed improvements to the standard operating procedures as preventive measures," it said. It urged parties with information on the case to come forward to assist the probe. 

($1 = 4.4350 ringgit) 

(Reuters - Reporting by Mei Mei Chu and Rozanna Latiff; Editing by Kanupriya Kapoor)

Current News

Women in Maritime Day: Shaping the Future of Maritime Safety

Women in Maritime Day: Shaping

New Dutch Coalition Aims for More Offshore Gas Extraction

New Dutch Coalition Aims for M

Iberdrola to Triple Offshore Wind Assets

Iberdrola to Triple Offshore W

ABS Wavesight eLog Books for Offshore Drilling

ABS Wavesight eLog Books for O

Subscribe for OE Digital E‑News

Offshore Engineer Magazine