PUTRAJAYA: Malaysia’s oil giant Petronas has saved RM3.4bil since embarking on cost-cutting measures in 2015 and this effort will continue even if oil prices recover.
“Through the Cost Reduction Alliance programme, we have managed to cut RM3.4bil in terms of our costs since we started till the middle of this year,” its president and group chief executive officer Datuk Wan Zulkifli Wan Ariffin said.
He said this at the International Conference of Blue Ocean Strategy’s plenary session themed “Delivering High Value at Low Cost,” here yesterday.
The Cost Reduction Alliance or CORAL 2.0 is a five-year industry-wide programme from 2015 to 2019, driven by Petronas with the aim to inculcate cost-conscious mindset across Upstream Malaysia.
Click here for Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment