Diwali music video depicted as a funeral dance in Malaysia!

Malaysia`s national oil company Petronas was left red faced after angry viewers pointed out that a music video it posted on its official YouTube page to mark Diwali depicted a funeral dance.

Vedanta buys $1.5 bn stake in Cairn India: Source

Mining group Vedanta Resources Plc, which is struggling to get government nod to take over Cairn India, Tuesday bought 10.5 percent stake in the company from Malaysia`s Petronas.

Malaysia suspends gasoline supplies to Iran

Malaysia`s state oil company has suspended gasoline supplies to Iran, Prime Minister Najib Razak said here, calling on Tehran to review its controversial nuclear programme.

OVL joins hands with Raspol, Petronas for Venezuelan fields

Oil and Natural Gas Corporation has replaced Reliance Industries with Repsol YPF SA, Spain`s biggest oil company, and Malaysia`s Petronas to bid for Venezuelan oil blocks next month.