Wan Zulkiflee: ‘We are not in a position to help all eight (fabricators) because we simply do not have work to give. The requirements have scaled down due to the low oil price environment.’
Survival of O&G fabricators may depend on greater consolidation
CALLS for greater consolidation in Malaysia’s oil and gas (O&G) industry are definitely not new, as two consecutive top honchos of Petroliam Nasional Bhd (Petronas) have urged for mergers and takeovers in the industry to “ride out of the storm”.
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