Petronas vice-president of Malaysia Petroleum Management Muhammad Zamri Jusoh said Malikai
Petronas cost-cutting could speed up industry consolidation
SERVICE providers in the oil and gas sector may have little choice but to consolidate their assets given the prevailing low oil price environment and the tens of billions in capital expenditure (capex) cuts planned by Petroliam Nasional Bhd (Petronas) for the next four years, say analysts.
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