From The Star – PETRONAS to cut Costs


Dateline 2009-06-26:

Petroliam Nasional Bhd (PETRONAS) is seeking to slash its expenditure by 30% from the amount it spent in its 2006 fiscal year.

“There must be shared misery. We must have a hard look at costs,” said president and CEO Tan Sri Mohd Hassan Merican.

I’m getting mixed messages. The previous week’s articles said that O&G market is getting back on its feet. And then PETRONAS cuts expenditure (and the companies at their knees). And for growing companies like mine, how we gonna pay for milk and diapers?

You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.

This entry was posted on Sunday, June 28th, 2009 at 6:54 pm and is filed under Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to From The Star – PETRONAS to cut Costs

  1. Jabbathehutt says:
    June 28, 2009 at 7:20 pm

    That’s why Jabba resort to a life of crime and decadence….

    Reply
  2. Jabbathehutt says:
    June 30, 2009 at 2:48 pm

    definitely…..

    all ideas welcomed.

    Reply

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