Petronas confirms two subsidiaries served 'Saisie-arret' notice

Petroliam Nasional Bhd (Petronas) said it viewed the action of alleged seizure of its assets as baseless and is working vigorously to defend its legal position on this matter.

The national oil company was referring to the Financial Times’ report titled: ‘Petronas subsidiaries seized as lawyers press $15bn claim on Malaysia’...