Dateline 2017-04-17, FMT:
PKR has told the Sarawak government to take Petronas to court if it’s true that the company is selling off a stake in an upstream gas project.Reacting to a fresh report that Petronas was seeking to sell the SK316 offshore gas block, Sarawak PKR vice-chairman See Chee How said oil and gas found within Sarawak’s boundaries belonged to the state.
Recently, Reuters, quoting sources, reported that Petronas had started pitching the sale of the block for an estimated US$1 billion (RM4.4 billion). The potential bidders, according to the report, include Royal Dutch Shell, ExxonMobil Corp, PTT Exploration and Production and Japanese firms.
“The rights of the state are very clear, be it in the Federal Constitution or Sarawak laws,” said See, who is a lawyer.