“Petronas continuously reviews its business portfolio in all countries where it has investments to ensure the best possible fit with its growth strategy in the increasingly evolving energy landscape,” the national oil company replied to Bernama’s query on Bloomberg news reports.

Bloomberg reported that Malaysia’s Petronas is evaluating a sale of its shale oil asset in Argentina, a move that would complete its exit from the country’s booming Vaca Muerta fields as several international drillers also look to divest from the region.

Quoting sources, it said Petronas has begun a process that may result in a sale of its 50% stake in La Amarga Chica, a venture with state-run YPF SA in the oil production heartland of Vaca Muerta.

Petronas’s involvement in La Amarga Chica began in 2014.