July 18, 2014
Definitely link bait. Please bite. Greater Singapore, indeed.
Dateline 2014-050-26, The Establishment Post:
Pengerang used to be a fishing village famous for its succulent lobsters. Each weekend a good number of Singaporeans would take a two-hour drive to get to the southernmost tip of Johor on the east to savour Pengerang’s lobsters and other sea delights fresh from the Johor Straits. It had at least eight seafood restaurants, way too many for a tiny township.
Two years ago, reclamation work started in the coastal area of Pengerang and there were no more fishermen and neither was there any more coast for fishing. This was the start of a massive RM170 billion (US$53 billion) project called the Pengerang Integrated Petroleum Complex (PIPC).
This is said to be the biggest project ever by Malaysia in terms of scale and size. Lawmakers and corporate leaders claim that this project Pengerang in will turn Malaysia into a mega petrochemical. But what about the Greater Singapore plan?
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Posted by Wata
June 29, 2014
Dateline 2014-06-04, Malaysia Chronicle:
Parti Bersatu Sabah (PBS) Secretary General Datuk Johnny Mositun believes Sabah will get similar consideration as Sarawak from Prime Minister Datuk Seri Najib Tun Razak in the context of increased oil royalties.
He said it was heartening to note that the Prime Minister was willing to give utmost consideration to the Sarawak State Government’s request for an increase in oil royalties for the state.
“It is good that our Prime Minister has not rejected outright Sarawak’s request for an increase in oil royalties, unlike all past Prime Ministers who simply refused to even consider the matter,” he said, when contacted, Tuesday.
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Posted by Wata
June 22, 2014
And we see M3Nergy is in the news
Dateline 2014-05-02, Free Malaysia Today:
In the 1980’s the Sabah Energy Corporation (SEC) was established to develop oil and gas projects in Labuan. Asian Supply Base Sdn Bhd is one of its subsidiaries.
The SEC’s responsibility was to develop the integrated Sabah Gas Utilisation Project in Labuan whereby excess gases piped in from offshore fields are used to make hot briquette iron and methanol.
Excess heat was used for power generation.
But SEC sold off the integrated gas projects. SEC is now responsible for providing gas for industrial use in the Kota Kinabalu Industrial Precinct (KKIP) but this however is limited to only 2 million cubic feet of gas sales daily.
In the 1990s the Sabah Government established Petrosab, a subsidiary of Innoprise, the business arm of Yayasan Sabah.
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Posted by Wata
May 25, 2014
Dateline 2014-04-12, Malay Mail Online:
The government is looking to reduce its dependency on oil revenue to below 30 per cent by broadening the tax base, said Minister in the Prime Minister’s Department, Datuk Seri Abdul Wahid Omar.
He said reducing the dependency on oil revenue would be plausible by improving the collection of other forms of tax revenue and by broadening the tax base with the goods and services tax.
Abdul Wahid, however, declined to specify a timeframe for the target. “We have commenced to diversify revenue sources and strengthened revenue collection. The government’s revenue was 12.1 per cent higher at RM207.9 billion in 2012 from RM185.4 billion in 2011.
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Posted by Wata
May 17, 2014
Dateline 2014-04-04, The Malaysian Insider:
The founding chairman and chief executive of Petronas yesterday lamented that Putrajaya has been treating the leading oil and gas company as a cash cow, especially in bailing out government-linked outfits of financial trouble.
Tengku Razaleigh Hamzah, or Ku Li, said since its inception in 1974 and until 2011, Petronas paid the government RM529 billion in dividends, taxes, petroleum proceeds and export duties.
He said the reliance of Petronas to help government-linked outfits out of financial trouble had been going on since 1985.
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Posted by Wata
May 11, 2014
Dateline, 2014-03-31, FMT:
The opposition leaning NGO, Movement for Change Sabah (APS), is urging MPs from Sabah, especially those from Barisan Nasional (BN), not to be scared of demanding more payment for oil and gas extracted from the state.
Former Senator and current APS deputy president Maijol Mahap, said over the weekend that the 5% royalty his still poorly developed state is getting from Petronas is pittance and an injustice that should be corrected.
Maijol, once a BN leader until he resigned in 2012, said this in response to the pointed request by Sarawak Chief Minister Adenan Satem and later echoed by a group of youth leaders of Sabah BN component parties but not Umno.
He stressed that there’s no point in second echelon leaders in the BN parties shouting about it in Sabah. He said it would make a difference if their top leaders raised the matter in the parliament.
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Posted by Wata
April 24, 2014
Links to Parts 1 and 2 can be found in the main article.
Dateline 2014-03-19, Energy Global:
Sabah crisis sharpens focus on regional territorial disputes over oil and gas reserves
Following last year’s invasion of Malaysia’s Sabah state by a Filipino militia group, another quiet corner of the world risks being sucked into renewed territorial and ethnic disputes fuelled by a growing regional race for oil and gas reserves.
The Malaysian government responded by ordering its military to bomb the group of more than 200 members of the self-proclaimed ‘Royal Army of the Sulu Sultanate’ who briefly holed up in a village near the port of Lahad Datu. At least 70 people, including nine Malaysian security personnel, were killed in the conflict to expel the group linked to the descendants of a former royal family in southern Philippines with claims over Sabah state.
The conflict has the potential to grow as it involves groups with long-standing territorial claims, separatist ambitions and ethnic grievances now enmeshed with the US-led global war on terror, Sabah’s increasing importance as an oil and gas producer and the area’s 600 km proximity to the disputed hydrocarbon-rich Spratly Islands in the South China Sea.
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Posted by Wata
April 22, 2014
I really don’t know why Sabah and Sarawak have been in the news frequently this year. Any apologists who want to make a comment?
Dateline 2014-03-20, Daily Express:
Sabah should work together with neighbouring Sarawak in pursuing an increase in the oil and gas royalty and turn this into a reality, said Parti Bersatu Sabah (PBS) Information Chief Datuk Jahid Jahim.
He believes there is nothing wrong for the State Government to work together with its Sarawak counterpart to make a joint request to the Federal Government to increase the rate of oil and gas royalty presently received by both states.
“I think we (Sabah and Sarawak) should work together like what we have done in 1963 when we formed the Federation of Malaysia together. It would be more synchronised and justified if both the states work together on this,” he said.
Saying an increase in oil and gas royalty can be used to support additional development of the State and the people to be on par with what is enjoyed by fellow Malaysians in the peninsula, Jahid, who is formerly Tamparuli Assemblyman, felt the recently announced discovery of oil fields off Sabah which is timely can also be considered as good justification for the request.
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Posted by Wata
April 18, 2014
All hail the new CM. 5% of gross?
Dateline 2014-03-16, The Star:
New Chief Minister Tan Sri Adenan Satem is showing signs he will speak up on contentious issues and take a different stand from his predecessor.
In an interview with The Star, Adenan spoke assertively on the Malaysia Agreement, but even more surprising were his views on the oil royalty for Sarawak.
“I would like to have 20% royalty, sure,” he said, “but what was agreed before was 5% of gross. I will ask the Federal Government if they can accommodate us but let us be realistic”.
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Posted by Wata
April 2, 2014
If you don’t like the title, send brickbats to the Malaysia Chronicle. And if you read the whole article, you realise the title is link bait.
Dateline 2014-02-23:
Norway is oil rich. It is a very cold country and oil is its greatest resource. Norway is also known as the Land of Millionaires – not only because the national wealth is go great but also because its petroleum revenues have been so well managed and treasured by its governments through the decades that the money have trickled down to the ordinary folk.
There is little wastage or leakage through corruption or inefficient policies that cause market incompetency and uncompetitiveness – for example in countries such as Malaysia, where huge amounts of money have been siphoned out – almost a trillion ringgit over the past decade according to the Global Financial Integrity.
Malaysia is also oil rich. But the great majority of its 28 million people are poor and the greatest wealth is held by perhaps as little as 5% of the population. Sad to say the divide between the rich in Malaysia and the not-rich is growing alarmingly wider by the day. This is due to the policies promulgated by Prime Minister Najib Razak’s Umno party which has ruled the country since 1957. The policies have been widely criticized as being flawed and designed to mask massive corruption by the elite leaders in the guise of helping the predominant ethnic group in the country – the Malays.
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Posted by Wata
Wata - Malaysian Oil and Gas Engineer 