Blog: Re-evaluating the Oil & Gas Industry

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2 comment(s). Last comment by AhMoi 2014-11-22 18:19

AhMoi

5,802 posts

Posted by AhMoi > 2014-11-21 16:46 | Report Abuse

Petronas which is set to re-evaluate its RM 300 billion capex programme will have major spillover effects for the oil & gas industry.



The biggest threat to the local oil & gas industries will be the Malaysian government..... yes, the Malaysian government.


Recall that Petronas had applied to limit its dividend to the Malaysian government at 30% of its profit, but, was rejected.


Double whammy is............ with a lower income in years to come, yet, the Malaysian government will ask for more because the Malaysian most recent economy's growth rate was below 6%.


The biggest threat to the local oil & gas industries will be the Malaysian government..... yes, the Malaysian government.

AhMoi

5,802 posts

Posted by AhMoi > 2014-11-22 18:19 | Report Abuse

Soon, the RM 300 billion capex programme will be reduced to RM 100 billions and brings major negative spillover effects for the local oil & gas industry.


What do you think the future will be when Petronas does austerity.... especially to those local oil & gas which have spent a lot to expand their oil & gas assets....


Think and think harder

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