Petroliam Nasional Bhd (Petronas) will pay RM34 billion in dividends to the federal government this year, although the national oil company posted losses in the second quarter of 2020, said Minister in the Prime Minister's Department (Economy) Mustapa Mohamed.

He said Petronas had paid out RM488 billion in dividends to the government since its establishment in 1974.

“In 2019, the total amount of dividend paid out by Petronas was...