ESSO, PETRONAS SIGN ACCORD ON GAS PROJECT

An Exxon Corp. unit and Malaysia's state oil company have agreed to gas supply terms in the latest stage of that country's $4 billion peninsular natural gas utilization project. Esso Production Malaysia Inc. and Petroliam Nasional Bhd. (Petronas) extended a 1989 agreement in principle covering gas development and sales terms for the second phase of Malaysia's Peninsular Gas Utilization (PGU-II).

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