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Petronas to fight asset claims by Southeast Asian sultan's heirs

Petronas Malaysia Sulu Oil

A logo of Petronas is seen at their office in Kuala Lumpur, Malaysia, April 27, 2022. REUTERS/Hasnoor Hussain

Malaysian state oil firm Petronas said on Saturday said it would contest any claims on its assets by the heirs of a former Southeast Asian sultan, who are seeking $15 billion in compensation.

The heirs of the last sultan of Sulu asked a Dutch court on Thursday for permission to seize assets in the Netherlands and on Friday the Malaysian government said that it would take legal action against their latest legal move.

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