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  • 10 months ago
Prime Minister Datuk Seri Anwar Ibrahim said Malaysia must accept the reality that the country can no longer be overly dependent on dividends from Petroliam Nasional Bhd (Petronas), as the national oil company operates as a commercial entity whose performance is closely tied to global oil prices.


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00:00The dividend is, according to the performance and the price of petroleum.
00:12So I think we have to accept in reality, the country in order to move forward cannot be
00:19too dependent on petroleum's offers. So we'll have to bear with it, we have to create new
00:28business entities that could generate more revenue for the government. Of course, because
00:35if I have my way, we want more dividend. But you have to look at the price, what's happening
00:42in the global scenario, the oil and gas industry.

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