Petronas exploring renewable energy as new growth areas

Wan Zulkiflee: "Petronas focused on sustainable development goal".

Syndicated News
Written by Syndicated News

KUALA LUMPUR — July 10, 2019: National oil company Petronas has taken steps to explore new growth areas beyond the conventional oil and gas.

Against the backdrop of demand for more sustainable energy sources, Petronas is considering viable investments in renewable energy, namely solar, wind and biomass on a commercial scale.

At another event, Wan Zulkiflee told the audience that Petronas continues to be focused on sustainable development goals, one of which is to shape the oil and gas industry in Malaysia to be more competitive and resilient.

At the same time, Petronas is aware that companies need to adopt multiple strategies in the current business landscape.

“Leaders in the next five to 10 years need to redefine risk management in very different ways from now because things are changing very fast. You cannot rely on a single strategy,” said Petronas president and group chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin at the International Business Management Conference organised by the International Islamic University today.



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