Adenan admits spectacular failure of oil talks

Spectacular as “we lost a pocket lining income pipeline”, or “we managed to get hit with GST on the royalty?”

Dateline 2015-03-19, FMT:

Sarawak Chief Minister Adenan Satem, just back from a visit to Sabah from where he came away “impressed”, has disclosed that oil talks with Petronas and the Federal Government have failed and spectacularly at that. “We don’t want people to take away our oil and gas with us being onlookers,” said Adenan. “We want an equal partnership.”

“We don’t want to be spectators. We want to be active participants.”

He pledged that the Sarawak Government would pursue the revised oil royalty demand until “we achieve what we want”.

The talks, based on an unanimous resolution passed by the Sarawak Assembly, was about raising the oil royalty to a respectable 20 per cent cash payout. Sabah and Sarawak, at present get a measly 5 per cent.


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