Petronas targets $11.4bn spending cut

Malaysian state oil company Petronas is planning to slash spending by as much as 50 billion ringgit ($11.41 billion) over the next four years as low oil prices curtail profits, according to reports.

Watching spending: Petronas is looking to cut spending by 50 billion ringgit over four years
Watching spending: Petronas is looking to cut spending by 50 billion ringgit over four years
Published 19 January 2016, 08:03Updated 19 January 2016, 09:10
Asia & Oceania