PETALING JAYA: The higher dividend payout by Petroliam Nasional Bhd (Petronas) to the government could hamper its ability to recover from the current downturn in the oil and gas industry, according to Maybank IB Research.
The national oil company, which posted losses in the second quarter of this year, has approved an additional RM10bil as dividend on top of its RM24bil earlier commitment to the government to help with the coronavirus (Covid-19) fallout.
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