Once the price of oil recovers which I believe is around the corner the above information will become irrelevant, Companies will have to spend to deal with natural declines and also for extra supplies for growth.
I believe once oil hits 60 WPL will have a change of heart and go ahead with the bourse project, but guess what, all the rates will have to be renegotiated.
More pain to be felt for the oil and gas service sector, page-2
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