Petrol Prices

October 1, 2012

Y’know, a while back they actually included how much tax was waived. I think the amount is the same as or more than the subside.

Maybe the powers that be decided that showing that information is an oops? Get the relevant act here.

 


Malaysia plans to lure storage operators

September 27, 2012

Dateline 2012-09-14:

Malaysia is throwing down the gauntlet to Singapore in its bid to emerge as Asia’s go-to commodity trading hub, according to the Financial Times (FT).

The move, according to the paper’s Singapore-based Asia correspondent Jeremy Grant in an article published on Wednesday, is being spearheaded by a unit in Prime Minister Datuk Seri Najib Tun Razak’s office as part of an ambitious push to position the country as South-East Asia’s centre for oil, gas and petrochemicals.

The FT quoted Malaysia Petroleum Resources Corp (MPRC) executive director Syahrilazli Mahammad as saying Malaysia was embarking on an aggressive plan to attract oil-storage operators by offering zero tax rates as an incentive for companies to build millions of barrels of storage capacity in Johor.


Another ‘robbery’ of Kelantan’s oil wealth?

September 17, 2012
 Oh, please, what do you mean ‘claim’?
Dateline 2012-09-08:
Kelantan state exco Husam Musa has claimed that plans are afoot to build pipes to channel oil resources extracted from Bunga Kamelia zone in Kelantan to Kemaman in Terengganu.

Husam said starting next year, national oil giant Petronas would land gas in Terengganu, after extracting it from Block PM301 in Bunga Kamelia zone, which falls under Kelantan’s territory.


Musa Aman: Sabah’s oil royalty sharing formula due for REVIEW

September 8, 2012

Dateline 2012-08-21:

Sabah Chief Minister Datuk Seri Musa Aman believes that the state’s five percent petroleum royalty review issue is open for amicable discussions with the federal government.

He (Prime Minister Datuk Seri Najib Tun Razak) was a caring leader who was always prepared to listen to the people and their needs.

Musa, who is also state Finance Minister, said the good relationship between the state and federal governments also benefited Sabahans through large allocations which helped to propel the state forward.


S’wak to discuss oil royalty review with federal govt

September 7, 2012

Dateline 2012-08-20:

The state government will discuss the need to review the current 5% petroleum royalty paid to Sarawak with the federal government based on the prevailing close relationship and goodwill between both sides, Chief Minister Abdul Taib Mahmud said today.

Concurring that state leaders from both sides of the political divide had struck a common ground on the issue, he said, both sides needed to sit down and discuss the matter, especially following the recent announcement by Prime Minister Najib Tun Razak that a special committee was being set up to study the petroleum royalty to East Coast states.


Oil royalties: Why is Musa quiet?

August 23, 2012

When I first read this, I thought it was referring to Musa Hitam.

Dateline 2012-08-07:

Sabah Chief Minister Musa Aman’s reluctance to push the envelope on oil royalties and demand more of its wealth back from the federal government is puzzling Sabahans in and the opposition here.

Sabah receives a “ridiculous” 5% royalty and despite its natural wealth, is today the poorest state in Malaysia and relies on federal government handouts.


Nik Aziz to seek audience with Kelantan Sultan over oil revenue

August 21, 2012

Is Lawit really in Kelantanase waters?

Dateline 2012-08-06:

Menteri Besar Kelantan Datuk Nik Aziz Nik Mat said he will be seeking an audience with the Sultan of Kelantan to get the Sultan’s consent on the state government’s choice to represent Kelantan in the Special Committee on Petroleum Revenue which was announced by Prime Minister Datuk Seri Najib Tun Razak today.

He said the Kelantan government had yet to make a decision as to who would be picked for the committee.


Special panel to study oil revenue payment

August 18, 2012

Exsqueeze me? Why do we need a special panel to study oil revenue? Is this because Pahang & Johor are now considered East Coast states, and what a cut due to their loyalty to the government?

Dateline 2012-08-04:

 The government has agreed to set up a special committee to study in a fair and transparent manner the issue of cash payment from petroleum revenue to the states in the east coast of Peninsular Malaysia.

Prime Minister Najib Tun Razak said the special committee would be chaired by former chief justice, Abdul Hamid Mohamad, and members of the committee would comprise legal experts from within and outside the country, and representatives from the Pahang, Kelantan and Terengganu state governments consented to by the Sultan of the respective states.


Removing the Gas Subsidy Crutch – Can Malaysia Do It?

August 7, 2012

Dateline 2012-XX-XX:

With the next general elections due by April 2013, and in light of recent political uncertainties, one crucial subject is relatively missing from public discussion: gas subsidies.

Gas is heavily subsidized in Malaysia, to the tune of $14 billion in 2008. [1] That keeps fuel prices in Malaysia at about USD$0.60 per liter for RON95[2], the regular unleaded fuel, while the premium RON97 goes at USD$0.91 per liter[3]. Diesel is priced at USD$0.56 per liter.[3]


More spark for Malaysia power sector soon

July 25, 2012

Spark, gas, hot air… recipe for an explosion. Doesn’t anyone look at the fire triangle anymore?

Dateline 2012-07-09:

Malaysia’s power sector which has been grappling with inconsistent gas supply in the first half of the year, is expected to see brighter days, now that issues are steadily being resolved.

Energy Commission chief executive officer Datuk Ahmad Fauzi Hasan said the country’s electricity demand is expected to sizzle, with annual growth ranging between three and four per cent until 2020.