(EnergyAsia, August 18 2015, Tuesday) — After announcing a 47.3% plunge in second quarter profit, the CEO and president of Malaysia’s state-owned energy firm Petronas said he expects the company to tap into cash reserves this year to help pay for on-going operations, capital investments and mandated dividends to the government.
MALAYSIA: Petronas faces negative cash flow in 2015; 2Q net profit plunged 47.3%
Posted on August 18, 2015 by EnergyAsia