SPENDING PLANS OUTLINED FOR MALAYSIA

Private companies will spend $2.1 billion for oil and gas exploration, development, and production in Malaysia during the fiscal year ending Mar. 31, 1994, state owned Petronas predicts. That sum will be easily topped because it does not include upstream spending planned by Petronas Carigali Sdn. Bhd., a unit of Petronas billed as the third most active exploration and production company in Malaysia after the Royal Dutch/Shell and Esso groups.

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