Petronas saves RM3.4bil from cost-cutting efforts

PUTRAJAYA: Malaysia’s oil giant Petronas has saved RM3.4bil since embarking on cost-cutting measures in 2015 and this effort will continue even if oil prices recover.

“Through the Cost Reduction Alliance programme, we have managed to cut RM3.4bil in terms of our costs since we started till the middle of this year,” its president and group chief executive officer Datuk Wan Zulkifli Wan Ariffin said.