Dateline 2016-01-12, TMI:
Petroliam Nasional Bhd is bracing for two to three more tough years as the Malaysian state oil company grapples with crude at an 11-year low while seeking to keep its multi-billion dollar projects on track.
Oil may average US$30 (RM132) a barrel this year in a “low-price” scenario, chief executive officer Datuk Wan Zulkiflee Wan Ariffin said in an interview yesterday.
With a capital expenditure plan of as much as RM350 billion over the next five years, he said the company’s “good” cash build-up would help it through difficult times.
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Wata - Malaysian Oil and Gas Engineer 