Wednesday, June 27, 2007

Petronas Profit Rises 7.7 Percent on Higher Output, Crude Oil Price Gain

(Bloomberg) -- Petroliam Nasional Bhd., Malaysia's
state oil and gas company, said full-year profit rose 7.7
percent after it increased production overseas and sold oil at
higher prices.

Net income in the year ended March 31 climbed to 46.4
billion ringgit ($13 billion) from a restated 43.1 billion
ringgit a year earlier, Petronas, as the company is known, said
in a statement in Kuala Lumpur today. Revenue gained 10 percent
to 184.1 billion ringgit.


Read more at Bloomberg Energy News

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