Petros standoff adds pressure as
Petronas’s ongoing dispute with Petroleum Sarawak Bhd (Petros) is putting more pressure on the energy producer amid its company-wide restructuring exercise. Petroliam Nasional Bhd (Petronas) has announced a 10% workforce reduction, affecting approximately 5,000 employees, as part of its “Petronas 2.0” strategic transformation to address declining crude oil prices and market volatility. The reduction, primarily … Read more