Don’t you just love the tafseers and parsing taking place when certain phrases are “quoted”?
Dateline 2014-10-20, The Malaysian Insider:
The chances of Sarawak getting an increase in the oil and gas royalty payment is less likely after two rounds of talks with Petronas is said to have reached a stalemate.
Sources close to the state administration claimed the oil and gas company had reportedly balked at the state’s request to raise the royalty, from 5% to 20%, after both parties failed to agree on the quantum.
The Malaysian Insider learnt that negotiations with Petronas was “heavy going” and the company had given a “myriad of reasons” why it was refusing to meet the 20% request.
The source said a dispute on how the payment quantum should be calculated was also a hurdle too difficult to surmount at the talks.