Minister in the Prime Minister’s Department for Economy Mustapa Mohamed has attributed Petronas’ second-quarter RM21.03 billion net loss to economic factors, not politics.

Mustapa said this in a Dec 2 written parliamentary reply to Bagan MP Lim Guan Eng.

Aside from asking for an explanation on the company’s latest performance, Lim had also sought confirmation on whether the Petronas chairperson role was offered to Gua Musang MP Tengku Razaleigh Hamzah...