Cost reduction saves billions for Petronas

Petronas vice-president of Malaysia Petroleum Management, Zamri Jusoh speaking during the press conference on Petronas call for industry consolidation through Coral 2.0. IZZRAFIQ ALIAS / The Star. March 23, 2016.

An estimated RM2.4bil in savings realised to date

KUALA LUMPUR: Petronas’ industry wide programme, Cost Reduction Alliance 2.0 or better known as Coral 2.0, is expected to generate cost savings of RM1.5bil to RM2bil for 2016 for its upstream business.