<div>UPDATE 1-Malaysia's Petronas sets up $350 mln venture capital fund</div> <!-- no image --> <div>Malaysia's state energy firm Petronas said on Friday it had set up a $350 million venture capital arm for industrial and energy investments.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=kOmowSOJHJ8:cAj18RWD3Cs:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=kOmowSOJHJ8:cAj18RWD3Cs:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=kOmowSOJHJ8:cAj18RWD3Cs:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=kOmowSOJHJ8:cAj18RWD3Cs:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=kOmowSOJHJ8:cAj18RWD3Cs:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/kOmowSOJHJ8" height="1" width="1" alt=""></div> Posted by Reuters