Extract from “Tuah Jebat” – Warisan Perintis

November 5, 2016

 

Unit Tindakan Khas (UTK) telah mengakhiri era kewujudan mereka apabila termaktub semua perjanjian PSC yang selebihnya. Pada masa mereka merangka dan merundingkan PSC, yang turut tertubuh ialah Jabatan Pemasaran Antarabangsa atau “International Marketing Department (IMD)” bagi mengagih minyak mentah ke pasaran antarabangsa dan Jabatan Pemasaran Dalam Negeri atau “Domestic Marketing Department (DMD)” untuk penjualan bahan petroleum di dalam negeri, khususnya melalui stesen-stesen servis.

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Malaysia’s govt tussles with Kelantan over oil royalty payments, offshore boundary

January 17, 2020

Dateline 2019-11-19, NST:

Malaysia’s Pakatan Harapan (PH) government and Kelantan state are in a tussle over some RM1 billion (S$330 million) a year demanded by the east coast state, in a tug of war over “oil royalties” that may well decide the political future of the east coast state.

Parti Islam SeMalaysia (PAS), a federal opposition party that has controlled Kelantan for 29 years wants the funds from Prime Minister Mahathir Mohamad’s government, as promised in PH’s election manifesto.


Petronas says still negotiating with Sarawak, Putrajaya over petroleum tax payment

January 16, 2020

Dateline 2019-11-15, Malay Mail:

Petroliam Nasional Bhd (Petronas) is still negotiating with Sarawak government with regard to payment of the five per cent petroleum products sales tax that it owes to the state, said its chairman Datuk Ahmad Nizam Salleh.

He said the negotiations also involved the federal government.


NEVER SAY NEVER – IF IT CAN HAPPEN TO SAUDI ARABIA, MALAYSIA TOO CAN BE NEXT: MAHATHIR & CO FORCED TO LIST PETRONAS TO PAY OFF NAJIB & UMNO-BN’S TRILLION-OVER RINGGIT DEBTS?

January 15, 2020

Dateline 2019-11-19, Malaysia Chronicle:

MALAYSIA’S only company in the Fortune 500 list has sometimes been touted as a listing candidate for the government – if it needs to raise funds. However, the listing exercise of Saudi Aramco – the national oil and gas arm of Saudi Arabia – underlines why a listing of Petronas is not a good idea and will probably not yield the desired results.

The prospectus of the much-awaited listing of Saudi Aramco was released last Saturday. The 658-page report had a lot of details on the workings of Saudi Aramco, its reserves and the reserves of the kingdom, the plans going forward, profitability, prospects and risks.

The company devoted more than 10 pages to the various risks it faces for its operations. It ranged from regional political conflict to demanding market conditions and constraints of it being a company that is owned by the government and being asked to undertake works outside its core business.


Gas Malaysia Q3 net profit up on higher natural gas volume, tariff

January 14, 2020

Dateline 2019-11-14, Malay Mail:

Gas Malaysia Bhd’s net profit rose to RM46.48 million in the third quarter ended Sept 30, 2019 (Q3) from RM41.42 million recorded in the same quarter last year.

Revenue surged 12.8 per cent to RM1.76 billion from RM1.56 billion previously on the back of higher volume of natural gas sold and higher natural gas tariff, the group said in a filing to Bursa Malaysia today.


Petronas awards 60% of contracts to local vendors

January 13, 2020

I would be interested in a more statistical analysis. Namely, what is the definition of ‘local’ vendors, how many of these vendors are linked to international companies, the value to ‘pure’ local companies (my definition), median, min, max of value, statistical deviation, how many ex-operating company C-suite influencers in these companies. MPRC should be able to help give The Gov more data.

Dateline 2019-11-14, Malaysian Reserve:

PETROLIAM Nasional Bhd (Petronas) has awarded 60% of its total contracts this year to local companies, a main contributor to the country’s oil and gas (O&G) growth.

Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said the state-owned oil company had prioritised local companies, except for specific and technical areas such as proprietary system and digital technology.

He said Petronas alone accounts for about 75% of the sector’s activities in Malaysia.


Abang Johari defends state’s hydrogen economy initiatives

January 12, 2020

Dateline 2019-11-13, Borneo Post:

Chief Minister Datuk Patinggi Abang Johari Tun Openg has defended the state’s hydrogen economy initiatives during the State Legislative Assembly (DUN) sitting today.

 


Petrol stations encouraged to sell fuel below govt-stipulated prices

January 11, 2020

Yup, I can see this happening soon.

Dateline 2019-11-12, The Star:

Petroleum products can be sold below government-stipulated prices if petroleum companies want to compete among each other, says Datuk Seri Saifuddin Nasution Ismail.

The Domestic Trade, Consumer Affairs Minister said all 3,500 petrol stations from the six main industry players are currently selling petroleum products according to the Automatic Pricing Mechanism (APM) which is RM2.08 per litre for RON95 petrol.

If the six petroleum companies practise the principle of competition through innovation and efficiency apart from focusing on the business based on petroleum, they could reduce the retail price of petroleum products,” he said.

“If it is implemented we can see petrol stations selling at different prices. For instance, if Shell is selling at RM2.06, Petron RM2.07, then go to BHP which is retailing at RM2.04,” he told reporters after attending a Symposium on Fair Competition and Cost of Living here Tuesday (Nov 12).