Downtrend in crude oil prices a big concern for Petronas


KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will review costs of projects, delay or defer the implementation of some of them if the need arises.

Petronas president/group chief executive officer Tan Sri Shamsul Azhar Abbas told a media briefing following the release of the company’s second-quarter financial results ended June 30, that cost remained a major concern, especially in light of the downtrend in crude oil prices.

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