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Petronas CEO: Dividend payout to Malaysian govt will depend on affordability | Malay Mail

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Petronas CEO: Dividend payout to Malaysian govt will depend on affordability

Friday, 04 Sep 2020 08:13 PM MYT

KUALA LUMPUR, Sept 4 — National oil company, Petroliam Nasional Bhd says dividend payout to the government this year will depend on its affordability in light of the plunging oil prices and Covid-19 pandemic, which has taken a toll on its financial performance. He also stressed that there is no pressure from the government on it given the unprecedented challenges that oil and gas companies were facing.

“The government did not compel us to pay a dividend so far...they are aware of our capex commitments, investments and our financial obligations,” he said.

 

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