Where is the oil fund?


There’s an oil fund?

Dateline 2012-11-02:

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Petronas was set up in 1974 and its first CEO Tengku Razaleigh Hamzah recently revealed that there were plans for the establishment of a Tabung Warisan Petrolium (National Petroleum Heritage Fund) for the future of Malaysians when our oil wells run dry.

Has there been any such oil fund set up? As far as I know there has never been a disclosure by the government of the existence of such a fund.

With the billions or even trillions of ringgit in oil revenue over some four decades, there is absolutely no excuse that is acceptable to Malaysians for this tragic betrayal of the people’s trust by our “oil sheikhs … Mahathir, Abdullah and Najib”.

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This entry was posted on Friday, November 23rd, 2012 at 6:00 am and is filed under engineering, Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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