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Petronas had been fighting Sarawak's demand for sales tax in court before the two parties announced a settlement last month

Tengku Muhammad Taufik was appointed as Petronas chief financial officer and a member of the board of directors in October 2018. He is also a member of Executive Leadership Team.

Tan Sri Muhyiddin Yassin in a statement today said the appointments will take effect on July 1, 2020.

Petronas says it does no comment on market rumour or speculation, that is consistent with its practices.

Petronas president and chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin has reportedly resigned and will be replaced by a professional, sources said.

Revenue rose to RM108.1 billion from RM93.7 billion previously, benefiting from the upward trend of key benchmark prices and foreign exchange rate but was partially offset by lower sales volume.

With the key prerequisites in place to transform Petronas and with the anticipated recovery in the market, the group was well-positioned to face futures challenges.

National hydrocarbon custodian, Petronas, signed a share purchase agreement with Saudi Arabian Oil Company (Saudi Aramco) worth RM31 billion.

President and Group Chief Executive Officer Datuk Wan Zulkiflee Wan Ariffin says he had just received the report and had not gone through it.

Petronas will continue to recruit, rotate, develop and promote employees based on their performance and qualities.

Petronas announced its new leadership team, following a strategic review of its business operating model for better business efficiency, resilience and sustainability.

Petronas' pre-tax profit for the third quarter ended Sept 30, 2015, fell to RM3.8 billion from RM22.7 billion in the same quarter last year.

Petronas has denied that Petronas Carigali Sdn Bhd, has undertaken a salary reduction exercise and staff retrenchment.

Datuk Wan Zulkiflee Wan Ariffin has been appointed Petronas President and CEO effective April 1, 2015 until March 31, 2018.

Petronas and its in-house staff union, Kesatuan Kakitangan Petroliam Nasional Bhd, signed a collective agreement for the period 2013-2015 on Jan 21.

A wealthy ex-general with ties to Indonesia's popular outgoing president and its dictatorial past, looks set to be its next leader.

The "Axis of Resistance", built up with years of Iranian support, includes Hamas, the Lebanese Hezbollah group, the Houthi movement in Yemen, and various Shi'ite groups in Iraq and Syria.

Russia is ready to help seek compromises between arch-foes Israel and Iran, President Vladimir Putin said on Friday, saying these would be difficult but possible.

The proposal is also to establish a BRICS reinsurance company to allow uninterrupted shipment of goods and key commodities between members.

Prabowo calls the programme one of the main drivers of economic growth, eventually set to add an estimated 2.5 million jobs.

Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.

Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.

Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.

Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.

Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.