Petronas has reported a RM21 billion loss in the year’s second quarter, compared to a profit of RM14.7 billion during the same period last year. – The Malaysian Insight file pic, September 6, 2020.
THE government is committed to ensuring that Petroliam Nasional Bhd returns to profitability, which hinges on the price of oil. Finance Minister Tengku Zafrul Abdul Aziz said the quarterly loss reported by Petronas was due to the fall in oil prices which were now picking up. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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