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Petronas CEO offered term extension

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Malaysian state oil firm Petronas's Chief Executive Shamsul Azhar Abbas reports third-quarter earnings at a news conference in Kuala Lumpur on Nov. 28.   © Reuters

KUALA LUMPUR -- Malaysian Prime Minister Najib Razak is likely to extend the term of the controversial chief executive of Petronas, the state-owned oil company, by two years.

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