95% of Sarawak’s oil revenue went to Petronas, says state’s ex-AG


Dateline 2025-09-03, Free Malaysia Today:

PETALING JAYA: About 95% of revenue generated from Sarawak’s oil and gas resources has gone to Petronas, with the Bornean state only receiving RM49 billion for nearly 50 years, according to a former Sarawak attorney-general.

JC Fong, legal adviser to the state government, said the sum of RM49 billion channelled to Sarawak might seem substantial but was a small portion of the value of its oil and gas resources.

…

This entry was posted on Saturday, September 6th, 2025 at 3:15 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.

Leave a comment