From Bernama – Kelantan Oil Royalty Issue

Taken from Bernama, dateline August 1:

KOTA BAHARU, Aug 1 (Bernama) — The federal government is looking into the question of oil royalty for Kelantan, Prime Minister Datuk Seri Najib Tun Razak said Saturday.

He said the matter was still under study because of overlapping areas in the vicinity of the oil platform.

“When the study has been completed, I will send a representative to convey the result of the study to the state government,” he told reporters after opening the Kota Baharu Umno Division delegates meeting, here.

Kelantan is seeking RM1 billion in oil royalty from the federal government, claiming that the money constituted five per cent of the earnings from petroleum and liquefied natural gas extracted from offshore Kelantan since 2004 as per a report of the Statistics Department.

What ‘overlapping areas’ are being referred to? I know that the Joint Development Area is part of Kelantan costal waters, but you would think division of profits would have already been sorted out with neighbouring governments. If not, I pity CHOC.

And which oil platform we talking about? Isn’t it a gas platform that’s out there. Chakerawala, anyone? Or maybe they are talking about oil equivalent barrels (oeb)?

Other articles on this are here and here.

5 Responses to From Bernama – Kelantan Oil Royalty Issue

  1. duwe says:

    are you kelantanese???coz i’m also a kelantanese

  2. Jabbathehutt says:

    good one.

  3. Fadzli says:

    haha..Isn’t “lol” means “yolol ko?”..

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