"We intend to enhance our efforts to take advantage of the current recovery in oil prices for Petronas to close the year strongly," he said in a statement yesterday. Capital investments for the quarter was RM12.5 billion, mainly attributable to the Refinery and Petrochemical Integrated Development (RAPID) project in Johor. For the cumulative period ended Sept 30, 2017, Petronas' cumulative profit after tax was at RM27.3 billion compared with RM12.5 billion in the same period last year, primarily due to lower net impairment on assets and well costs. Revenue for the period stood at RM161.8 billion from RM140.7 billion previously, mainly due to the impact of higher average realised prices and the impact of foreign exchange rate. In light of modest recovery in oil price and the continued drive for efficiency improvement, Petronas expects the group's overall year-end performance to be better than last year.