Petronas Dividend for Malaysia Set to Sink as Oil Prices Decline ...Middle East

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Petronas Dividend for Malaysia Set to Sink as Oil Prices Decline
source : OILPRICE ( Middle East ) () 76
The contribution of national energy giant Petronas to Malaysia’s budget is expected to crash by 38% next year, to the lowest level since 2017, amid falling oil prices. Petronas is set to pay to Malaysia $4.7 billion (20 billion Malaysian ringgit) in 2026, down from $7.6 billion (32 billion ringgit) it is contributing this year, the Finance Ministry said in its 2026 budget on Friday.      The decline of the dividends from Petronas will be the result of expected lower Brent oil prices next year. According to Malaysia’s…

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