Higher royalty versus state ownership of Petronas


Oldie but goldie: From the FMT, dateline 2013-04-30:

The oil royalty debacle is perhaps one of the popular components for both Barisan Nasional (BN) and Pakatan Rakyat (PR) as the nation approaches polling day on  May 5. In Kelantan, the “R” for “royalty” movement has in fact been proliferating, especially amongst PR supporters.

For years, we have seen the fight for royalty highlighted by the four producing states, namely Terengganu, Kelantan, Sabah and Sarawak.

While Kelantan continues with its ongoing battle for legitimacy of its claims under the Petroleum Development Act 1974, Sabah and Sarawak local dailies have been putting forth their plight for a bigger than 5% share over oil and gas incomes.

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