President & Group Chief Executive Officer Tan Sri Datuk Shamsul Azhar Abbas and Chairman Tan Sri Mohd Sidek Hassan at press conference and announcement of Q2 2013 financial performance.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) president and chief executive officer Tan Sri Shamsul Azhar Abbas has warned of falling charter rates in the domestic market for those providing support services to the oil and gas (O&G) industry.
He expressed caution on companies expanding on their fleet O&G assets such as offshore support vessels (OSVs) and drilling rigs, stating that indications were that the charter rates going forward would come down.
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