DATUK Wan Zulkiflee Wan Ariffin (pic) has assumed the post of chief executive officer and president of national oil company Petroliam Nasional Bhd (Petronas) for a three-year term effective April 1, replacing Tan Sri Shamsul Azhar Abbas.
Wan Zulkiflee is coming in at a time when crude oil prices are hovering at around US$53 per barrel. The low oil prices have eaten away a major slice of the company’s last quarter profit, by 27%, reducing it to RM47.6bil overall compared with RM65.6bil in 2013.
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