Malaysia PM: Petronas could be sold to pay down debt

February 18, 2020

Dateline 2019-12-17, The Chemical Engineer:

STAKES in state-energy firm Petronas could be sold to Malaysia’s oil-producing states to raise money for the Government, Prime Minister Mahathir bin Mohamad has told Reuters.

“What we need is to reduce our involvement, the number of shares that we hold, in order to raise some funds for ourselves,” he said. National debt is more RM1trn (US$240bn) according to figures released by the country’s finance ministry in September; while Petronas is estimated to have contributed around 20% of Government revenue in 2019.

Repsol giving back to the community

February 17, 2020

Dateline 2019-12-16, Daily Express:

Giving back to the local community has been Repsol Oil and Gas Malaysia Limited’s passion in addition to focusing on upstream sector of oil and gas in the country.“While we are focused on our business growth in Malaysia, we are equally passionate about giving back to the local community in which we operate,” said Government and Community Relations Advisor for Sabah/Labuan, Datuk Eddie Abdullah. He said they take their responsibilities as good corporate citizen seriously and actively organise programmes and activities that promote change and elevate the wellbeing of the local communities with government agencies and non-governmental organisations across Malaysia.

Sarawak to introduce licencing requirement for gas distribution in January

February 16, 2020

Dateline 2019-12-17, Malay Mail:

Sarawak is imposing a condition requiring any gas distribution activities carried out in the state could only be done with a licence issued by the state’s Ministry of Utilities.

The ministry said this requirement would take effect from Jan 1 next year when the regulations under the Distribution of Gas Ordinance 2016 came into full force.

“Applicants should note that they are required to have a valid licence issued under the ordinance to carry out the gas distribution activities in Sarawak even though they may have permits or licences by any other government agencies,” it said in a statement today.

Sarawak CM’s office rubbishes claim by DAP on Petronas stake

February 15, 2020

How do you officially rubbish something? Do you issue a memo?

Dateline 2019-12-16, FMT:

The chief minister’s office today said the purchase of stakes in Petronas is not among the issues discussed by the steering committee on Malaysia Agreement 1963 (MA63).

It said details concerning oil and gas are only deliberated in special discussions between the prime minister and the Sarawak and Sabah chief ministers.

The office rubbished a claim by Sarawak DAP chairman Chong Chieng Jen that Chief Minister Abang Johari Openg had agreed in principle to purchase a stake in Petronas during an MA63 steering committee meeting.

‘Sarawak can demand from Petronas’

February 14, 2020

Dateline 2019-12-15, The Sun:

Sarawak has contributed immensely to the success of Petroliam National Bhd (Petronas) over the years and thus, it is only fair for the national petroleum corporation to pay the state-imposed 5% sales tax.

In pointing this out, Assistant Minister in Chief Minister’s Department (Law, State-Federal Relations and Project Monitoring) Datuk Sharifah Hasidah Sayeed Aman Ghazali (pix) views Petronas’ reluctance in paying the tax – amounting to RM1.2 billion for the period between January and June this year – as the reason why the state government filing a suit against the company on Nov 21 this year.

“From the statistics, it’s very clear we, Sarawak, contribute hugely to the success of Petronas and therefore, I think all of us agree that the time has come for us to get a little bit of that back to the state – if not more,” she spoke during a public talk on ‘Talking About What Really Matters’, which took place at the Chemsain auditorium along Jalan Rock here on Friday night.

Oil and gas ‘details’ will be announced in January – CM

February 13, 2020

Dateline 2019-12-15, Borneo Post:

Details regarding oil and gas in Sabah will be revealed in January next year.

Disclosing this yesterday, Chief Minister Datuk Seri Panglima Mohd Shafie Apdal said a meeting with Petronas was held on Friday, discussing oil and gas in Sabah, including the 20 percent oil and gas royalty.

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

February 12, 2020

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.