Dateline 2014-06-28, MSN (that’ a first):
Petronas’s dividends to Putrajaya should be capped to ensure the national oil and gas company would continue to grow in the long run, a Selangor lawmaker said today.
Damansara Utama assemblywoman Yeo Bee Yin said between 2008 and 2012, Petronas paid 55% to 68% of their profits to Putrajaya in the form of dividends.
“The average percentage of payouts of national oil companies around the world is only 38%.
“In order to ensure Petronas’s long-term growth, it is time to amend Section 4 of the Petroleum Development Act 1974 to cap Petronas’s dividends,” she said in a statement today.
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Wata - Malaysian Oil and Gas Engineer 