From Bernama – PETRONAS Expects A Better Year Ahead


Could this be that they have a new President soon? Is Jabba going to take over?

Taken from the pages of Bernama, dateline 2010-07-01:

KUALA LUMPUR, July 1 (Bernama) — Petroliam Nasional Bhd (Petronas) expects better results for its financial year ending March 31, 2011, despite rising concern over the global economic recovery, president and chief executive officer Shamsul Azhar Abbas said on Thursday.

“The most challenging part (moving forward) is how to manage the cost, given the uncertainties in the Eurozone economies as well as the United States and overheating growth in China,” he told a media briefing on Petronas’ financial performance.

“We are very comfortable now with the first-quarter numbers and hope to see a better year ahead,” he said this when asked on the group’s financial outlook.

Moving forward, Shamsul Azhar said Petronas was looking to review its global expansion overseas.

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