Petronas Coral 2.0 results in cost savings of RM5bil


Petronas president and CEO Datuk Wan Zulkiflee Wan Ariffin said: "Tough times are here to stay."

KUALA LUMPUR: Petroliam Nasional Bhd’s (Petronas) industry-wide programme, Cost Reduction Alliance 2.0 (Coral 2.0), has resulted in cost savings of some RM5bil since its inception in 2015.

President and group chief executive officer Datuk Wan Zulkiflee Wan Ariffin said it had no intention of expanding Coral 2.0, which is limited to the upstream portion of its business to downstream.

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