PETRONAS` INVESTMENTS OVERSEAS NOT AFFECTED BY FALL IN GLOBAL OIL PRICES

KUALA LUMPUR, Dec 2 (Bernama) -- Petronas' investments overseas are not
affected despite the fall in global oil prices, said the Deputy Minister in the
Prime Minister's Department, Devamany S.Krishnasamy.

Devamany said that Petronas, Malaysia's national petroleum company, had
undertaken detailed planning with regards to its investments.

"Petronas' investments overseas are very stable as a result of this
detailed planning," he told the Lower House of Parliament Tuesday.

Devamany said Petronas also continued to cultivate close cooperation with
overseas oil producers to strengthen its investments.

"With the fall in oil prices, it is to be expected that there will be an
impact on Petronas' earnings but from the point of operations and expertise, the
company is stable enough in exploring investments," he said.

For the financial year ended March 31, 2008, the profit before tax for
Petronas from its operations in more than 33 countries, was RM17.2 billion
(US$4.73 billion) with the biggest contributors being South Africa,, Sudan,
Egypt, Chad and Myanmar.
-- BERNAMA