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 Oil & Gas Careers V8, Upstream and Downstream, Crude Oil (WTI): USD 45.22/bbl

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amidamaru
post Jan 12 2016, 01:28 PM

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192 posts

Joined: Dec 2005
From: Megalopolis



QUOTE(mohdyakup @ Jan 12 2016, 12:44 PM)
I dont understand which part WE as common citizen overpaying FUEL to OIL COMPANIES. Malaysia gasoline prices are not float to open market, its heavily subsidized, the price is set forth by the Govt, should blame the current Govt who continuously sucking and bleed Petronas money. Retail business is nothing for Petronas.

We should worry that if the current Govt keep sucking Petronas money to obliged it dividend payment, there is no room for future growth and expansion. Please dont compare our NOC to other IOC, its merely different business operating model.

When you enter debt market by issuing IPO and others, it doesnt mean that the IOC/NOC in deep trouble, you need to ensure a healthy cash reserves to sustain your daily operating and to fund current ongoing projects. This industry need to be grow over the long run - you dont want to miss the opportunity for big fat ROI when the industry recover.

No I am not jilat buah kerandut of Petronas, not even liking the current politic senario happening in our country right now, but please negativity wont bring us anywhere.
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