Petronas expects challenging industry outlook in 2020


Dateline 2020-12-13, NST:

Petroliam Nasional Bhd expects the oil and gas industry to remain challenging next year amid a backdrop of global economic slowdown, geopolitical upheaval and prolonged trade tensions.

Petronas vice president of group procurement Liza Mustapha said the oil and gas giant maintained a prudent view and would continue to respond cautiously to the unpredictable landscape.

Petronas also encouraged partners to be conscious in managing costs, implement activity levelling to sustain offshore activities and pursue innovative solutions in unlocking value in the supply chain, she said in its Petronas Activity Outlook for 2020-2022.

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