Malaysia-Brunei s Reciprocal Green Lane to facilitate travel movement themalaysianreserve.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themalaysianreserve.com Daily Mail and Mail on Sunday newspapers.
THE plunge in oil prices last March brought about a particularly challenging year for Petroliam Nasional Bhd (Petronas). The national oil major was dragged into an annual loss of RM21 billion for the financial year ended Dec 31, 2020, amid twin shock events the oil price crash and demand destruction.
Petronas president and CEO Tengku Muhammad Taufik Aziz says the market conditions were unprecedented as crude oil prices took a nosedive following the collapse of the Opec+ alliance in early March last year, as well as the disruption to oil demand due to the stringent measures taken to contain the Covid-19 pandemic.
KUALA LUMPUR (Feb 26): Malaysian national oil company Petroliam Nasional Bhd (Petronas) says today it has not received any request from its shareholders for it to pay a special dividend this year. During a virtual media briefing today, its president and CEO Tengku Muhammad Taufik Aziz said any decision will still need to go through the group's board of directors first.