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Petronas presses on with cost-cutting measures

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Wan Zulkiflee Wan Ariffin, president and CEO of Petronas, speaking at the Asia Oil and Gas Conference in Kuala Lumpur on Monday. He flagged RM5 billion in savings up until early 2017 from an industry-wide cost reduction initiative.

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Wan Zulkiflee Wan Ariffin, president and CEO of Petronas, speaking at the Asia Oil and Gas Conference in Kuala Lumpur on Monday. He flagged RM5 billion in savings up until early 2017 from an industry-wide cost reduction initiative.

Singapore

MALAYSIA'S national oil company (NOC) Petronas is pushing on with cost-cutting for a "lower for longer" oil price environment that has otherwise opened up new markets for its liquefied natural gas (LNG) exports.

Petronas's group chief executive Wan Zulkiflee Wan Ariffin

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