Finance

Petrofac confirms right-sizing plans as market outlook remains uncertain

The company says that the new set of measures will result in total estimated gross savings of $250 million in 2021

Uncertain times: Petrofac chief executive Ayman Asfari
Uncertain times: Petrofac chief executive Ayman AsfariPhoto: REUTERS/SCANPIX
  • Nishant Ugal
New Delhi
PetrofacUnited Arab EmiratesDalmaAbu DhabiMiddle East
Published 16 December 2020, 10:07Updated 16 December 2020, 16:20