Petros up and running by 2020


How come SIB isn’t making press statements every week?

Dateline 2018-01-15, Borneo Post:

The state’s wholly-owned oil and gas (O&G) company, Petroleum Sarawak Berhad (Petros), is set to become an active player in the O&G industry within two years.

Chief Minister Datuk Patinggi Abang Johari Tun Openg said the company, established in August last year, aims to exploit all opportunities in the O&G industry once it is fully operational.

“Wait two years for Petros to take active participation in the oil and gas industry,” he said when opening the Parti Pesaka Bumiputera Bersatu (PBB) Miri Zone 10 triennial delegates meeting here yesterday.

The setting-up of Petros was to enable the state government to participate directly in the O&G industry in Sarawak.

Petros chairman Tan Sri Hamid Bugo was reported in November last year as saying the company was expected to start operations in the first quarter of 2018, and was looking for a suitable candidate to fill the post of chief executive officer.

Abang Johari, meanwhile, said Sarawak has the potential to become the strongest state in Malaysia by 2030 with a well-structured development plan based on digital economy, and headed by the state’s backbone party, PBB.

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