Msian, Chinese oil companies acquire energy firm in Indonesia

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National oil company Petronas today said it had joined with China's PetroChina to buy an energy company in Indonesia for RM623.2 million (US$164 million).

The state-owned Petroliam Nasional Bhd (Petronas) said it had joined with China's biggest oil firm PetroChina to take over Amerada Hess Indonesia Holdings Ltd. (AHIH).

AHIH is o­ne of the Indonesian subsidiaries of Amerada Hess Corp, a US-based independent energy company listed o­n the New York Stock Exchange, Petronas said in a statement.

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