Petronas received an official request for a hike in charter rates from OSV operators who claimed that the rates have not been adjusted since oil prices averaged US$30 to US$35 in 2015.
PETALING JAYA: National oil company Petroliam Nasional Bhd (Petronas) will not agree to higher charter rates for the hiring of offshore support vessels (OSVs) despite the higher average price of crude oil.
Petronas received an official request for a hike in charter rates from OSV operators who claimed that the rates have not been adjusted since oil prices averaged US$30 to US$35 in 2015. Charter rates have more than halved following the crash of oil prices from US$110 per barrel in mid-2014 to a low of US$27 on Jan 25, 2015.
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