* Petronas says oil prices to remain uncertain this
year
* Holds to "conservative" outlook, plans
to focus on cost-cuts
* Capital investment fell 22 pct last year, 2,300
jobs cut
* No decision yet on future of Canada LNG project
-CEO
Amend primary scaled Projects.
Petronas is involved in two major projects, one at
home and one in Canada, even amid its aggressive spending cuts.
Petronas' finances got a boost last month when
Saudi Aramco <IPO-ARMO.SE> agreed to invest $7 billion in its Refinery
and Petrochemical Integrated Development (RAPID) project that is slated to cost
$27 billion.
CEO Wan Zulkiflee said Petronas has still not made
a decision on the future of its other big project, a liquefied natural gas
(LNG) export terminal in western Canada, and that it was studying conditions
set forth by regulators.
Canada approved the $27 billion Pacific NorthWest
LNG project in September after a three-year wait, but included conditions to
limit its environmental impact.
"We are looking at all options how to develop
an LNG plant that will be very competitive among other North American LNG
plants ... We will take our time," Wan Zulkiflee said.
($1 = 4.4460 ringgit)
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