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Petronas weathers oil price rout with cost-cutting, deferral of big projects

Wednesday, March 23, 2016 - 05:50

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The realities of low oil prices have forced Malaysia's oil-and-gas (O&G) industry to undertake extensive cost- cutting, in addition to deferring projects demanding large capital expenditure, although national oil company Petronas has braved the global headwinds to press on with two multibillion-dollar projects.

Singapore

THE realities of low oil prices have forced Malaysia's oil-and-gas (O&G) industry to undertake extensive cost- cutting, in addition to deferring projects demanding large capital expenditure, although national oil company Petronas has braved the global headwinds to press on

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