Making up for less oil money

In 2019, Petronas paid RM54bil and this year, the national oil company has forked out another RM34bil. However, next year, Petronas dividends to the government are expected to drop to RM18bil, according to the federal government revenue estimates.

AFTER a long time, Petroliam Nasional Bhd’s (Petronas) contribution to federal government coffers would see a steep decline.

In 2019, Petronas paid RM54bil and this year, the national oil company has forked out another RM34bil. However, next year, Petronas dividends to the government are expected to drop to RM18bil, according to the federal government revenue estimates.