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Barakah to sue Petronas for RM1bil over a 3-year licence suspension

KUALA LUMPUR – Barakah Offshore Petroleum Bhd is suing Petroliam Nasional Bhd (Petronas) for RM1.02 billion.

The demand for the said amount will be for the compensation over what claims be an unjustifiable suspension notice.

Petronas suspended the company’s licence for three years.

PBJV Group Sdn Bhd has issued the demand on August 5 to both Petronas and PCSB, disputing the validity and procedure of the suspension. Petronas and PCSB will be given 14 days to comply with the demand.

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