PETRONAS will not proceed with the awarding of new marginal oil fields unless the price of Brent crude settles above US$80 per barrel.
According to Petronas president and chief executive, although the breakeven for marginal oil fields is US$65 per barrel, they will not look into any such proposals until the global price situation stabilises.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
