From Upstreamonline.com: PETRONAS founder heads royalty probe


Taken from upstreamonline.com, deadline Wed 25th Nov (original article source here):

The founding chairman of PETRONAS, Tengku Razaleigh Hamzah has agreed to head a Parliamentary Caucus mooted by Malaysian opposition coalition Pakatan Rakyat (PR) to redistribute oil royalties from the federal government to the state authorities.

PR leader Anwar Ibrahim said Razaleigh had accepted the invitation in the Parliament this morning.

The Caucus aims to draft amendments to the Petroleum Development Act to ensure that oil-producing states — including opposition-controlled Kelantan — receive royalties in line with the philosophy that constituted the Act in 1974, the Malaysian Insider reported.

And if you want Ku Li’s views, here’s a sample taken from his blog.

Me? I’ll enter politics when corruption makes it worth my while.

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