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Petronas records Q4 loss of RM7.3 billion

Excluding an impairment charge of RM20b, its Q4 pre-tax profit would be RM20m

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TUMBLING oil prices have pushed Malaysia's national oil company Petronas into a fourth-quarter loss of RM7.3 billion (S$2.75 billion), owing to an asset-impairment charge of about RM20 billion.

Kuala Lumpur

TUMBLING oil prices have pushed Malaysia's national oil company Petronas into a fourth-quarter loss of RM7.3 billion (S$2.75 billion), owing to an asset-impairment charge of about RM20 billion.

The country's only Fortune 500 company expects Brent prices to hover at US$

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