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Petronas raises upstream capex 19% to 8.7 billion ringgit, RHB says

Verifying
  • Petronas increased upstream capital expenditure during 1H, according to RHB IB analyst Lee Yun Leon.
  • 19%: Upstream capex rose to 8.7 billion ringgit in 1H.
  • RHB maintained Brent forecasts of $89 for 2026 and $72 for 2027.
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