MAHATHIR’S CRUEL JOKE ON SABAH & SARAWAK – THE UNKINDEST CUT OF ALL? HOW DARE YOU ASK US TO BUY SHARES IN PETRONAS ‘IF WE HAVE THE MONEY’ WHEN ITS OIL & GAS COME FROM OUR STATES?


Dateline 2019-12-13, Malaysia Chronicle:

Anger is building up again in the East Malaysian states with Dr Mahathir Mohamad’s statement this week on the oil royalties.

Somehow we get the feeling that we have been led up the garden path by the Pakatan Harapan (PH) government.

Mahathir is now changing his stance and seems to have run out of ideas on how to deal with this sticky issue. His incoherent response to the oil royalties issue is sowing more confusion, creating a wider rift between the federal and state governments.

Mahathir in a Reuters interview said the government is considering selling stakes in Petronas to states where the company’s oil and gas fields are located. It seems odd that the oil-producing states like Sabah and Sarawak are now offered stakes in Petronas to help a debt ridden federal government.

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This entry was posted on Friday, February 7th, 2020 at 4:28 pm and is filed under oil and gas. 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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