INSIGHT – Malaysia Oil Challenge


Earlier, Petroliam Nasional, also known as Petronas, announced a quarterly net loss of RM21 billion in the second quarter ended June 2020.
Dragged by huge impairments on assets due to the huge loss made in Q2, for the first six months, Petronas posted RM16.5 billion net loss.
The Group revenue for the quarter also dropped 42 per cent, from59.1 billion to RM34 billion Year on Year.