Chief of Malaysia's Petronas quit over payment to state, sources say


KUALA LUMPUR (Reuters) - The chief of Malaysian energy giant Petronas quit this month after disagreement with the prime minister over giving more oil money to one of the country's states run by a government ally, sources close to the government and the company said.

Extra payments would hit Petronas and the national budget at a time the Covid-19 (coronavirus) has dampened oil prices but could also raise questions over the management of state finances as Malaysia seeks to rebuild its reputation after the international scandal over state fund 1MDB.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Aseanplus News

An Analysis - In Myanmar war, crucial window looms for junta and rebels
Malaysian director Amanda Nell Eu to receive Women In Motion Emerging Talent Award at Cannes
Liquid gold: Wild honey earns millions for forest communities
KKB polls: Early voting centres closed
Two Malaysians injured in Narathiwat bomb blast
South Korea records hottest April in half a century
Singapore: Two men convicted in S$3bil money laundering case deported to Cambodia
New Thai finance chief signals rate-cut - calls will persist
Japan's cherry blossom season came a little later than expected this year
Emerging Markets - Indonesian rupiah, Thai baht fall among subdued Asian currencies; Asian stocks extend gain

Others Also Read