Dateline 2018-07-21, FMT:
A Borneo daily reported that Prime Minister Dr Mahathir Mohamad has cast doubt over his own announcement in the Dewan Rakyat about the oil royalty issue. The confusion started when Mahathir answered questions from MPs and mentioned oil royalty at the beginning of his answers and later profit sharing in his conclusion.
“Everybody will get 20% of the profit from their area. If their area produces a small amount, then they will have 20% of profit from that area. But it is the profit,” Dr Mahathir told reporters.
East Malaysians rejoiced on hearing “oil royalty” but now it’s “profit-sharing”. There is a big difference between the two and it is important for the respective oil-producing states to seek clarification.