Petronas Denies RM831 Billion Loss from Canada Asset Sale: Viral Rumour Debunked

Petronas Denies RM831 Billion Loss Claim: Viral Rumour on Asset Sale in Canada Debunked Kuala Lumpur, June 6, 2025 – A recent viral social media post alleged that Petronas, Malaysia's national oil and gas company, incurred an RM831 billion loss from the sale of its gas assets in Canada. This claim has been swiftly and emphatically denied by Petronas CEO Tan Sri Tengku Muhammad Taufik Tengku Aziz. "Petronas is not leaving Canada. We remain operational in Canada," stated Tengku Aziz in a press statement released on June 5, 2025. He clarified that the asset rationalization mentioned in some reports is a common business practice and does not signify a complete withdrawal from the Canadian market. Petronas retains a 25% stake in the LNG Canada project, a testament to its continued commitment to the region. The initial rumour, which spread rapidly across various social media platforms, caused significant public alarm and concern. The video produced by Berita RTM serves as a crucial corrective, emphasizing the need for responsible information sharing. The swift response from Petronas highlights the company's commitment to transparency and addressing misinformation promptly. The incident underscores the need for critical evaluation of online information before sharing, especially concerning significant economic and national interests.