Sarawak CM declines Dr M’s offer to buy stake in Petronas


Dateline 2019-12-14, Malay Mail:

The state government does not intend to buy a stake in Petroliam Nasional Berhad (Petronas), Chief Minister Datuk Patinggi Abang Johari said today, in response to a recent offer by Prime Minister Tun Dr Mahathir Mohamad to sell stakes in the company to Sarawak and Sabah.

“What is the point for us to buy the stakes?” he asked at the launch of a Blueprint for development programme here this evening.

He said it will be pointless for Sarawak to buy stakes even if Petronas were to give two or three per cent as the state government will not have a say in how Petronas should be managed.

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