ASSESSMENTS

Malaysia: The Future of Petronas

Jun 10, 2008 | 19:06 GMT

TENGKU BAHAR/AFP/Getty Images

Summary

Malaysia's energy giant Petronas could be entering its last decade if the government intensifies its already-heavy taxes, according to the company's president. Though Petronas would not be the first Asian energy major to bow under soaring costs, its superior operational capability means that its failure would seriously affect the country's future energy supply and security.

Increased taxes could bleed Malaysian energy major Petronas dry within a decade -- a development that would have major geopolitical implications....

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