Better to abolish petroleum Act: Harris


Interesting, would you say? And the article doesn’t introduce Harris (tsk, tsk).

Dateline 2015-06-08, Daily Express

It is time for the Petroleum Act to be abolished and replaced by Petroleum Enactments in Sabah and Sarawak that provides for the two East Malaysian states to take over the ownership and control of all oil and gas.

Harris said the two states can from their respective organisations to undertake the exploration and development of oil and gas.

“The Federal Government’s revenue from oil and gas can come from the income tax from these state organisations. This move would streamline the Federal policy on the management of assets found in individual states, such as timber and land,” he said.

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This entry was posted on Sunday, July 19th, 2015 at 6:56 am and is filed under Malaysia, 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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