Oil Investing News » Petronas will cut cost by 30%

Petronas will cut cost by 30%

June 27, 2009 @ 2:57 am In Oil Company News

Petroliam Nasional Bhd has sought to slash its expenditure by 30% from the amount it spent in its 2006 fiscal year.

President and CEO Tan Sri Mohd Hassan Marican stated:

There must be shared misery. We must have a hard look at costs.

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[1] here: http://biz.thestar.com.my/news/story.asp?file=/2009/6/26/business/4200010&sec=business