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Petronas weathers oil price rout with cost-cutting, deferral of big projects
Published Tue, Mar 22, 2016 · 09:50 PM
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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 with two multibillion-dollar projects.
Prime Minister Najib Razak noted at the official opening of OTC Asia (Offshore Technology Conference Asia) 2016 in…
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