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Malaysia’s Petronas, Italy’s Eni to merge Indonesian, Malaysian assets

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KUALA LUMPUR, Nov. 4 (Xinhua) — Malaysia’s state-owned energy firm Petroliam Nasional Berhad (Petronas) and Italy’s energy firm Eni have signed an investment agreement to establish a regional upstream joint venture company to merge their Indonesian and Malaysian assets.

Petronas said in a statement that the joint venture will consolidate high-impact upstream assets across key hydrocarbon basins in Malaysia and

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