Musa: Sabah in regular negotiations with Petronas


Reading the article, I expect the Sabah Exploration and Production Company to be established soon.

Dateline 2015-04-13, Malay Mail:

Sabah actively negotiates with state oil firm Petronas to maximise petroleum income beyond just oil royalty payment, Chief Minister Datuk Seri Musa Aman told the state assembly today,

Musa said that the state also benefited from active participation in the industry and other equities it holds in Petronas, including a new unexplored oil field off the east coast of Sabah.

“Sabah is in constant discussion with Petronas on how to get more, not only from its oil royalty but also in exploring other forms of profit, including the taking over of a marginal oil field in Sandakan, which has been approved in principle (by Petronas),” he said.

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This entry was posted on Thursday, May 21st, 2015 at 6:41 am and is filed under Malaysia, Malaysian election, 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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