Output cut by Petronas unlikely to have much impact on gov't reserves

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Published Dec 22, 2016

Finance Minister II Johari Abdul Ghani said that the plan by Petronas to cut its crude oil output by up to 20,000 barrels per day next year will have minimal impact on the country's reserves.
He said the cut is slightly less than 5% of Petronas' current daily oil production and the impact of the reduction would be compensated by a rise in crude oil prices.

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Output cut by Petronas unlikely to have much impact on gov't reserves

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