Petrol dealers ‘in the dark’ over subsidy system

July 14, 2019

“We are nervous because some drivers may be eligible and some may not be for the subsidy.” Um, define subsidy much?

Dateline 2019-06-17, FMT:

With just two more weeks before a targeted fuel subsidy system is slated to begin, petrol dealers complain that they are in the dark and no one has briefed them on how the system will work.

Khairul Annuar Abdul Aziz, president of the Petrol Dealers’ Association Malaysia, said dealers do not have any details on the system, in which lower-income motorists will receive a subsidy on the cost of petrol.

“We are in the dark. We do not know how it will be implemented and neither has anyone briefed us. We are nervous because some drivers may be eligible and some may not be for the subsidy,” he told FMT.


Guan Eng: With RAPID, Malaysia will be net exporter of fuel for first time in a decade

July 13, 2019

I wonder if there is a target per capita fuel usage cap.

Dateline 2019-06-18, Malay Mail:

The US$16 billion (RM66 billion) Refinery and Petrochemical Integrated Development (RAPID) project in Johor is set to begin operations somewhere in the fourth quarter of 2019, Finance Minister Lim Guan Eng said today.

He said the project would turn Malaysia into a net exporter of refined fuels for the first time since 2008.

 


Biodiesel price must be controlled, says Kok

July 12, 2019

Deadline 2019-06-14, The Star:

The government has set up a committee – comprising four ministries – to come up with a mechanism to control the price of biodiesel containing 20% bio-content (B20) palm oil to boost domestic usage, says Primary Industries Minister Teresa Kok.

The committee will comprise of her ministry, Finance, International Trade and Industry ministries and the Prime Minister’s Department, she said, adding that the matter was discussed at the Cabinet meeting on Wednes­day.

Kok said there is a concern the price of palm biodiesel will increase if it is widely used.

“Therefore, we have to come up with a set of regulations after discussions with the related agencies,” she said after speaking at a seminar on Biodiesel (B7) implementation in the Industry Sector at a hotel here yesterday.


Panel formed to stabilise CPO prices before B20 fuel rollout

July 11, 2019

Dateline 2019-06-13, FMT:

The federal government has formed a special joint committee to ensure that crude palm oil (CPO) prices will remain stable when Malaysia introduces B20 biodiesel fuel next year.

The joint committee is headed by the primary industries ministry and consists of the finance and international trade and industry ministries and the Prime Minister’s Department.

B20 biodiesel fuel is a blend of 20% palm methyl ester and 80% petroleum diesel.


Many Sabahan O&G firms in ‘limbo’ – Upko Youth

July 10, 2019

Why? Isn’t Repsol and Hibiscus slinking round there? And there are newcomers everywhere, thank you.

Dateline 2019-06-13, Borneo Post Online:

Petronas has been urged to help Sabah oil and gas (O&G) contractors to grow as they are newcomers, thus unable to compete with other more established companies from Peninsular Malaysia and Sarawak.

Upko Youth chief Felix Saang said that Sabahan oil and gas players are new in the industry compared to their counterparts in the peninsula and Sarawak, thus they need to be given priority until they grow ‘big’ enough to compete on a level playing field.

Speaking to reporters after attending central Upko Youth Exco meeting here recently, he said he was informed many Sabahan oil and gas contractors were in limbo now as they were trapped in a difficult situation whereby they need experience and size before being able to bid for contracts while at the same time, they need contracts in order to gain experience and grow big.


PM: Targeted petrol subsidy still at data-gathering stage

July 9, 2019

Dateline 2019-06-11, Malay Mail:

 Prime Minister Tun Dr Mahathir Mohamad said today the federal government is still “collecting data” for the planned targeted fuel subsidy, with just one month left to its own July deadline.

Earlier this year, the Pakatan Harapan (PH) administration said it expected to roll out the system by July 1, amid scepticism from both experts and the public due to the complexities of targeted subsidies.

 


CM: Oil and gas complex will boost development in Sarawak’s north

July 8, 2019

And China has a base in North Sarawak.

Dateline 2019-06-10, The Star:

A proposed integrated oil and gas complex in Lawas will help boost development in Sarawak’s northern region, says Datuk Patinggi Abang Johari Tun Openg.

The Chief Minister said the US$5bil (RM20.8bil) project by China’s Beijing Beca Sci-Tech Co Ltd and Sinopec Engineering Incorporation would create jobs and spread development to the area.

“This will be a game changer for northern Sarawak, particularly Lawas and Limbang.