Adnoc seeks steep cost cuts from contractors as oil price crashes

Abu Dhabi state-owned giant urging cuts of up to 30% from contractors and service providers on projects that already have been awarded

Cutting costs: Adnoc chief executive Sultan al Jaber
Cutting costs: Adnoc chief executive Sultan al JaberPhoto: REUTERS/SCANPIX
Published 27 March 2020, 09:17Updated 27 March 2020, 20:31