Extract from “Young Turks” – Carigali

September 7, 2014

Formation of Carigali:

Carigali was formed in 1978. This is how PETRONAS spent the money collected from the multinational oil companies, after paying taxes and dividends to the government of course

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Petikan dari ‘Pantang di Cabar’

August 10, 2014

Tentang kelalaian yang merugikan:

..

Penjualan minyak di stesen kesemuanya secara tunai. Justeru apabila sesebuah stesen membuat pesanan untuk mendapat stok seterusnya dari Depoh mereka dikehendaki membayar secara tunai juga. Selalunya mereka mengemukakan ‘Draf Bank’ bersama borang pesanan pembelian sebelum stok yang dikehendaki boleh dihantar ke stesen masing-masing. Setiap pesanan sesebuah muatan lori tanker berharga diantara 25 hingga 30 ribu Ringgit. Sesetengah stesen memerlukan hantaran dua tiga lori sehari. Ini menyebabkan  kelewatan untuk mendapat ‘Draf Bank’ sebagai bayaran tunai sehingga stesen-stesen berkenaan selalu keputusan bekalan lalu menjejaskan nama baik PETRONAS.

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Extract from “Young Turks” – Legacy for the Future

July 20, 2014

Predictions when we run dry:

In the early days, the Task Force conceded to the oil companies’ conclusion that the crude oil reserves for Malaysia could meaningfully last only for 14 years should no further new discoveries be made. Anticipating an explosive growth in domestic consumption on account of industrialization and modernization, it was possible for Malaysia to become crude oil importers within ten years.

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Extract from “Pantang di Cabar”

June 8, 2014

Describing the open market:

“Hampir semua Syarikat Minyak Nasional (SMN) merata dunia memilih alasan nasionalisasi untuk mengambil alih pemasaran bahan petroleum dalaman negara masing-masing. Para Perintis turut tertarik dengan jalan yang mudah ini. Namun, mereka akur kepada kehendak Tun Abdul Razak, Perdana Menteri Malaysia Kedua.

…”

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Extract from “Young Turks”

May 18, 2014

How to calculate Cost Oil:

Yet another example was the determination of Allowable Expenditure for calculating Cost Oil. The recovery was purposely tied to a yearly budget approval. By doing this, nothing was required to be definite up-front so as to avoid losing out early due to the lack of knowledge on the issues being addressed. Under this system a mistake or oversight could be readily be corrected by the next budget submission …

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Extract from “The Will to Compete”

April 26, 2014

Describing first forays into aviation fuel requirements:

“The opportunity came when Senai Airport was constructed to handle international flights for cargo traffic. Dagangan was given the first choice to build, commission and operate the Aviation Depot there.”

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Extract from “The Young Turks of PETRONAS”

April 13, 2014

Anticipating MNC reactions to the PSC:

“The Task Force concluded that SSB, as a producing entity from offshore Sarawak, would want to stay at all costs in order to extract as much as they could under the new scheme of things and that SSPC would tag along and develop their meagre finds riding on SSB’s management and associated common infrastructure.”

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Petikan dari ‘Pantang di Cabar’

March 27, 2014

Tentang cabaran:

Satu lagi tekanan untuk mencabar kedudukan para pelopor PETRONAS dalam pelbagai rundingan diantara mereka dengan Syarikat Minyak Antarabangsa ialah dengan mencetuskan kekurangan bekalan disel dan kerosin di seluruh Negara secaran tersusun mulai tahun 1976.

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Extract from “The Will to Compete”

March 9, 2014

About OPEC:

OPEC Head of States’ Algerian Declaration in 1974, stressed that OPEC member countries have the sovereign and inalienable right to the ownership, exploration and pricing of their natural resources…

Not less than five multinational oil companies were actively exploring for oil in Malaysia under the concession agreements.

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Petikan dari ‘Pantang di Cabar’

March 1, 2014

Tentang depoh pukal pertama:

Depoh pukal pertama dibina di Pelabuhan Pasir Gudang Johor. Ianya dibina menggunakan kepakaran kontraktor asing dari luar negara. Apabila diamati cara kontraktor tersebut mengendalikan kerjanya, kontraktor asing tersebut sebenarnya menjadi penyelia sahaha. Mereka menggunakan kontraktor-kontraktor dalam negeri yang pernah bekerja untuk Shell atau Esso untuk mereka gabungkan bagi menjalankan kerja.

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