Setting up Petros a good move — See


Sovereign wealth fund? Yeah, if that happens, can I ghostwrite “State + Business? Socialism Wins!”

Dateline 2017-08-10, Borneo Post:

The unprecedented step taken by the state administration to incorporate Petros, a Sarawak wholly-owned oil and gas company, as a vehicle to actively participate in the extraction and development of the state’s oil and gas is most welcomed by all Sarawakians, said Batu Lintang assemblyman See Chee How.

See, who is state PKR vice chairman, said Petros should be a sovereign wealth fund, which is a Sarawak-owned investment fund, answerable to the Sarawak Legislative Assembly to invest in, accumulate and manage the funds in the course of its exploration, management and development of all upstream and downstream petroleum-related projects in Sarawak.

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This entry was posted on Thursday, September 14th, 2017 at 6:34 am and is filed under investment, Malaysia. 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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