Despite promising upstream activity and enhanced incentives that offer the opportunity for gains in the long term, Petronas has faced challenges from the volatile global oil prices and production disruptions in Sudan, a key source of oil for the frm outside its domestic market. The company reported a 30% year-on-year drop in profts in Q212 to RM15.2bn (US$4.98bn), down from RM21.2 (US$6.94bn) in Q211.
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