It was speculated earlier that Petronas Carigali to listed in Bursa Malaysia when Prime Minister announced to reduce state ownership in the private sector early this year. However, it did not materialize after Petroliam Nasional Bhd (Petronas) listed Malaysia Marine and Heavy Engineering Holdings Bhd (MHE) and Petronas Chemicals Groups (PCG).
Now, the speculation come to surface again as a few of stock research companies such as MIDF Research and OSK Research release reports of possible IPO for Petronas Carigali.
Petronas Carigali Sdn Bhd is the exploration unit of Petronas, may be listed on Bursa Malaysia in 2011 and it is expected to attract a large number of foreign funds.