Dateline 2014-06-16, FMT:
In Malaysia, the politics of oil royalty has always hogged the limelight. It has always been a useful agenda to seek public attention. Thus, the recent bill introduced by newly-appointed Sarawak Chief Minister Adenan Satem in the State Legislative Assembly to increase oil royalty from 5% to 20% has caught public attention.
The fact that the federal government has also agreed to seriously consider the proposal has given the people in the state new-found hope.
Demanding higher royalty is not a new political agenda for both Sabah and Sarawak. In fact, it is a long overdue issue. Let’s take a brief glance at history. Before the formation of Malaysia, the United Kingdom had declared rights over the Malaysian continental shelf for Sabah and Sarawak. Basically this meant ownership rights over offshore resources including petroleum.
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Wata - Malaysian Oil and Gas Engineer 