Petronas' top-level change sparks concerns over political horse trading

Some worry oil firm's charter may be altered by Malaysia's PN govt

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A top-level change over the weekend at Petroliam Nasional (Petronas) has sparked concerns that Prime Minister Muhyiddin Yassin's government is set to overhaul laws that would rid the national corporation of its role as the sole custodian of Malaysia's hydrocarbon resources.

Mr Wan Zulkiflee Wan Ariffin, president and chief executive officer of Malaysia's only Fortune 500 entity, was reassigned as chairman of the country's beleaguered national carrier Malaysia Airlines (MAS), Mr Muhyiddin's office announced last Saturday.

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A version of this article appeared in the print edition of The Straits Times on June 11, 2020, with the headline Petronas' top-level change sparks concerns over political horse trading. Subscribe