PM Muhyiddin: Petronas lost RM17b in petroleum revenue during MCO


Dateline 2020-08-11, Malay Mail:

Petronas reported a loss of around RM17 billion in petroleum revenue from March until June this year throughout the movement control order (MCO) period until before the recovery MCO took effect.

In a brief written reply to Tuan Noor Amin Ahmad’s (PH-Kangar) question in Parliament on the loss of petroleum income throughout the implementation period, Prime Minister Tan Sri Muhyiddin Yassin also said the federal government has no intention of amending the Petroleum Development Act 1974 (PDA 1974) at this point in time.

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