The US-headquartered energy company Marathon Oil today announced the sale of its Irish subsidiary, Marathon Oil Ireland Limited (MOIL) to PSE Ireland Limited, a subsidiary of Petroliam Nasional Berhad (Petronas).

THE Marathon Oil Corporation has sold off the bulk of its Irish operations — which include gas fields off the Cork coast that supply 8% of Ireland’s natural gas needs — to the Malaysian government for $180 million (€130.26m).