Right time for oil and gas players to consolidate: MPRC

May 9, 2017

Ws that the best picture they could get of Syed Azlan?

Dateline 2017-04-27, NST:

WITH crude oil prices at a relatively plateau level, the time is right for oil and gas players to collaborate or consolidate, said Malaysia Petroleum Resources Corp (MPRC) senior vice-president Syed Azlan Syed Ibrahim.

“Although we foresee 2017 will not be far off than 2016, I do not think it will be worse. This is the opportunity for players to make the hard decision to restructure or reform. That time is now.

“They need to do it now so that when the market goes back up they will be ready,” he said after the MPRC business seminar, here, on Friday.