Correcting oil royalty perception


Dateline 2017-04-30, Daily Express:

Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi advised those who accused the Federal Government of acting tyrannically with regard to oil royalty distribution “to go back to kindergarten”.

“They claimed that Sabah only get five per cent of oil royalty while the other 95 per cent allegedly monopolised by the Federal government. Please-lah… do not make mistake about this,” he said in his speech at the Meet the People event, here, Saturday.

Zahid explained what was actually determined back then was that Sabah would receive five per cent after everything else was accounted for, namely the production and exploration costs.

 

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