Petronas boosts payments to Malaysia as oil prices surge
Photo: Free Malaysia Today
Petronas will contribute 32 billion ringgit (US$7.8 billion) to state revenue in 2027, compared with 27 billion ringgit this year.
From the original report
The amount due in 2026 is a substantial revision from its initial commitment to pay 20 billion ringgit.
The higher amount underscores improving conditions for the state oil and gas firm after years of declining earnings, after brent crude surged past US$100 per barrel due to the US war with Iran. Malaysia expects oil prices to average US$85 per barrel in 2027, near the current average of about US$89 so far this year.
…
This is a brief of a report by another newsroom. The excerpt below is from the original.
Read the full report at Free Malaysia Today
Free Malaysia Today
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About this story
- Source
- Free Malaysia Today
- Originally published
- Oct 9, 2026
- Updated here
- Oct 9, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
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