Kuala Lumpur, Malaysia – Malaysia’s state-owned oil and gas giant, Petroliam Nasional Berhad (PETRONAS), has officially denied any involvement in or knowledge of a fuel supply agreement with a local government unit in the Philippines.
The company issued a statement on Sunday to clarify its position following reports suggesting that Davao del Norte was planning to procure a substantial amount of oil from Malaysia. PETRONAS explicitly stated that it is unaware of and has not entered into any such arrangement or commitment.
The clarification was prompted by claims from a provincial official in Davao del Norte, who suggested that discussions were ongoing with PETRONAS for the procurement of 44 million liters of oil. PETRONAS, however, firmly refuted these reports, emphasizing that it has not engaged in any related agreements or commitments with any Philippine local government unit. The company’s statement serves to dispel any misconceptions about its participation in such a deal.
PETRONAS reiterated that its primary focus remains on ensuring a stable and reliable fuel supply within Malaysia. The company’s established supply networks and close coordination with the Malaysian government support this commitment. Meanwhile, the Department of Energy (DOE) in the Philippines recently reported the successful arrival of a significant shipment of diesel, totaling 165,678,000 liters (approximately 1.042 million barrels), with the initial consignment of 22,578,000 liters arriving on March 26. This domestic supply assurance contrasts with the denied international procurement deal.
