Q&A with Petronas’ new CEO


Article jumps straight into it, without names and such.

Dateline 2015-10-12, NST:

Q: What is your take on the overall oil and gas industry?

A: What we anticipate is that this will be a prolonged environment of low oil prices. It is not a sudden dip in a cycle or anything. We think this would be prolonged because of the structural shift in the industry. And with many things happening at the same time, this confluence of world events has caused impact. When we look back, this is similar to what we experienced in 2008, where that, too, took quite a few years before prices picked up again.

 

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