Petronas reports lower profits, could scrap $19-billion Rapid project

13:09 PM | August 26, 2013 | Natasha Alperowicz

Petronas Group (Kuala Lumpur), Malaysia's energy major and parent company of Petronas Chemicals, today reported a 4% drop in second quarter pretax profit, to 21.98 billion ringgit ($6.64 billion) on...