Petronas denies OGX Brazilian oil stake deal

In response to unspecified media reports, Malaysia’s Petroliam Nasional Bhd (Petronas) released a statement Wednesday saying it has not entered into any agreements for the purchase of oil blocks in Brazil.

Amid rumors of a possible acquisition of OGX’s 40% interest in the Tubarao Martelo oil block in the Campos Basin, state-run Petronas offered a concise response denying any pacts for Brazilian assets.

“Petronas has not entered into any agreement with OGX or any other party with regards to any oil blocks in Brazil,” said the release on the Petronas website.

In 2012 Petronas expanded its portfolio with the purchase of Canada’s Progress Energy for C$5.2 billion.

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