Petronas to reassess plans, budget amid oil price war

The national oil company said in a press statement that it, however, intends to maintain its domestic capital expenditure programme as well as the planned dividend of RM24bil that will be paid in 2020.

PETALING JAYA: Petroliam Nasional Bhd (Petronas) said it will have to reassess its plans and budget following the recent collapse of oil prices amid the ongoing Covid-19 outbreak.

The national oil company said in a press statement that it, however, intends to maintain its domestic capital expenditure programme as well as the planned dividend of RM24bil that will be paid in 2020.