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KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will review costs of projects,[url=http://www.toms-shoes-sale.com]Toms Shoes Sale[/url], delay or defer the implementation of some of them if the need arises. Petronas president/group chief executive officer Tan Sri Shamsul Azhar Abbas told a media briefing following the release of the company’s second-quarter financial results ended June 30,[url=http://www.toms-shoes-sale.com]Toms Shoes Outlet[/url], that cost remained a major concern, especially in light of the downtrend in crude oil prices. “We’re in the process of reviewing the costs of some of our projects, and if there’s a need for us to differ some of the projects in order to contain costs, then we would do it,” he said. Shamsul said cost reviews were not new. “We would not embark on projects that at the end of the day would not be feasible because of high costs,” he added. Shamsul said upstream costs continued to be a worry, with oil and gas infrastructure facilities as well as support services rates rising. Shamsul (left) and chairman Tan Sri Mohd Sidek Hassan at the press conference. Shamsulsays final investment decision on Rapid will be made in March.
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