TotalEnergies plans to increase investment in Malaysia's oil and gas sector and explore carbon storage, following a $530m acquisition.

TotalEnergies, a French global energy supplier company, plans to boost its investment in Malaysia's upstream oil and gas sector, also exploring carbon storage opportunities. This follows their recent acquisition of a 50% interest in SapuraOMV Upstream Sdn for $530m. Prime Minister Datuk Seri Anwar Ibrahim anticipates these investments will create job opportunities and prosperity for Malaysians.

April 29, 2024
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