Petronas's major capital expenditure running into the hundreds of billions is expected to bring joy to oil and gas players like Icon.



We assess the issue of whether the country's perceived protectionist cabotage policy is anti-competitive and gets in the way of local companies' regional ambitions. Ekuinas's major stake also throws up interesting possibilities for Icon's future direction.

Petronas's major capital expenditure running into the hundreds of billions is expected to bring joy to oil and gas players like Icon. We assess the issue of whether the country's perceived protectionist cabotage policy is anti-competitive and gets in the way of local companies' regional ambitions. Ekuinas's major stake also throws up interesting possibilities for Icon's future direction.

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