Sarawak CM: Petros to manage domestic gas business under Petronas soon


Dateline 2020-12-24, Malay Mail:

Chief Minister Datuk Patinggi Abang Johari Openg today said that Petroleum Sarawak Berhad (Petros) will soon be tasked with managing a domestic gas business that is now placed under the Petroliam Nasional Berhad (Petronas).

He said Petros, apart from being vested with the regulatory power over state’s oil and gas resources by the Oil Mining Ordinance 1958, is to ensure the state’s participation in the upstream and downstream activities of the oil and gas industry.

“The next few years will see more involvement of Petros as more investments are expected in the oil and gas and petrochemical industries in the state,” he said in his Christmas Eve’s message.

The chief minister also stressed that the state will continue to introduce new revenue streams to fund its development programmes.

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