Malaysian Petronas oil company announce it will halt Iran oil imports by April due to the imposed sanctions on Iran from United States .
“We are complying and aim to cut all our imports from Iran by April ,” said a senior Petronas official with direct knowledge of the issue . “We are looking at alternative sources .”
Petronas is importing crude oil from Iran under two contracts , One of them will be expired soon and the company will not renew it .
PETRONAS , short for Petroliam Nasional Berhad , is a Malaysian oil and gas company that was founded on August 17, 1974. Wholly owned by the Government of Malaysia . The company has around 39,236 employees .
