Reuters are reporting that Petronas will invest US$150 million in India over the next five years to strengthen its lubricants business.
Petronas is keen on more collaborations in India with current and existing partners. The company is looking to sell more LNG in India.
Petronas has been trying to tap new markets for LNG at a time when global supply has exceeded demand. A company official had earlier flagged South Asia as an area of significant growth potential.
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