Business

Petronas’ entities on positive trend despite Pengerang incident

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Syndicated News
Written by Syndicated News

KUALA LUMPUR, April 15 2019 : Petronas Chemicals Bhd, Petronas Gas Bhd and Petronas Dagangan Bhd counters on Bursa Malaysia were trading in positive territory in early session today, despite the fire and explosion incident at Pengerang Integrated Complex (PIC) last Friday.

As at 10.21 am, Petronas Chemicals jumped 12 sen to RM8.96 while Petronas Gas and Petronas Dagangan rose two sen each to RM17.70 and RM25.04, respectively.

In separate filings to Bursa Malaysia, all three companies stated the incident has no financial or operational impact to their current respective business.

The fire and explosion incident occurred at the Atmospheric Residue Desulphurisation (ARDS) Unit.

In a statement on Friday, Petronas said the incident did not cause any fatality and assured members of the public that the situation was under control and there was no health risk. – Bernama

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