Petronas cuts capex


PETROLIAM Nasional Bhd’s (Petronas) announcement of its third-quarter results comes at a delicate time, considering that it is being watched by all and sundry.

Amidst a scenario of a free-fall of oil prices and the politically-charged Umno General Assembly, it comes as no surprise that Tan Sri Shamsul Azhar Abbas (pic), the oil major’s president and chief executive, says he has to be “politically correct” in delivering his key message.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , petronas capex

Next In Business News

Peugeot revival takes hold on EV demand surge in France, Germany
Norway grapples with economy’s dependence on oil and gas
Mixed results for breweries amid cautious spending environment
The great recovery
Samsung, SK Hynix acquire stakes in Anthropic
Ensuring a smooth drive�
Gradual stabilisation for Astro
Traders find ways to deal with Mideast disruptions
DRB-Hicom to focus on mobility, manufacturing
Kim Loong eyes growth on higher FFB output, new mill

Others Also Read