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FTSE Bursa Malaysia KLCI (^KLSE) 1,646.53 14.83 (0.90%)
updated at: Wed, 09 Dec 2020, 05:25PM MYT

S&P Ratings expect Petronas, regional energy firms to weather low price

AT
AT
Original Source From TheStar Publish at Wed, 13 May 2020, 01:08AM

“Petronas is likely to maintain its spending on local capex (at RM26bill to RM28bil). However, some delays in projects are likely. Our base case assumes about RM50bil, but considering low oil prices, we believe Petronas could lower its total investment plans for 2020, ” S&P Global Ratings said.

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