Oil trading - the dark side of Petronas


Koon Yew Yin            

COMMENT Last week, the international financial media carried the story that Canada intended to block the planned US$5.3 million acquisition of Calgary-based Progress Energy Resources by Petronas. According to these reports, the country’s industry minister, Christian Paradishad, issued a statement saying he had written to Petronas saying he was “not satisfied that the proposed investment is likely to be of net benefit to Canada”.


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Oil trading - the dark side of Petronas

Koon Yew Yin,

COMMENT Last week, the international financial media carried the story that Canada intended to block the planned US$5.3 million acquisition of Calgary-based Progress Energy Resources by Petronas. According to these reports, the country’s industry minister, Christian Paradishad, issued a statement saying he had written to Petronas saying he was “not satisfied that the proposed investment is likely to be of net benefit to Canada”.


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