Singaporean cars can’t buy RON 95 fuel in Malaysia, but what about diesel, which is also subsidised?

July 13, 2022

For the love of Gentleminions, put subsidies into public transport, and other public utilities.

Dateline 2022-05-17, pualtan.org:

The reopening of the Malaysia-Singapore land border on April 1 saw no shortage of traffic heading into the country, and with it, plenty of reports of Singaporean motorists refuelling with RON 95 petrol at Malaysian fuel stations during the first week of the reopening.

This action is of course not allowed, as foreign-registered vehicles (including motorcycles) are prohibited from buying RON 95 – which is heavily subsidised by the Malaysian government – under a ban that has been in place since August 1, 2010.

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Big chunk of fuel subsidy enjoyed by T20 group, 53 sen of every RM1 goes to the rich – Tengku Zafrul

July 12, 2022

For the love of Mat Kilau, put subsidies into public transport already, and keep the bus fracking lanes clear of people parking cars like me.

Dateline 2022-05-17, pualtan.org:

Fuel subsidy, costly as it is, will remain in Malaysia. However, it’s no secret that the government is looking at a more targeted approach to fuel subsidy, as opposed to the current blanket subsidised price, which is enjoyed by all Malaysians, whether rich or poor.

According to finance minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, Malaysia’s rich are enjoying the bulk of government subsidies. He said that the T20 group, the top 20% earners, benefitted from more than half of the RM4 billion the government has spent on petroleum subsidies this year, till March, due to the blanket subsidy method.

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Trim Sapura’s losses, no need for bailout, says Dr M

July 11, 2022

Ah, the funny pages.

Dateline 2022-05-16, FMT:

Steps should be taken to trim losses incurred by Sapura Energy Bhd (SEB), Dr Mahathir Mohamad said today, disagreeing with calls for Putrajaya to bail out the oil and gas services company.

The former prime minister said bailing out “failed people” was “not business”, the New Straits Times reported.

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Anniversary – Seveso Disaster

July 10, 2022

Process Safety Engineers never forget.

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Explain RM2.7bil injection into Sapura when you were govt, Najib tells PH

July 9, 2022

Man, I missed a good fight in May, shades of (no, not dirty white) Rumble in the Jungle.

Dateline 2022-05-15, FMT:

Former prime minister Najib Razak wants Pakatan Harapan (PH) to explain why it pumped RM2.7 billion into Sapura Energy Bhd (SEB) in 2019, despite knowing that its former CEO Shahril Shamsuddin was given a huge compensation the year before.

He was referring to the amount injected into the company by Perbadanan Nasional Bhd that made the GLC the largest shareholder in the oil and gas company.

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Sarawak in talks with Norway to form sovereign fund, says Abang Johari

July 8, 2022

Ah, another 1MDB, which used to be a Terengganu sovereign fund. Book those URLs now, ladies.

Dateline 2022-05-13, The Edge:

Sarawak will engage seriously with Norway in an earnest effort towards the successful formation and management of its own sovereign wealth fund, Sarawak Premier Tan Sri Abang Johari Tun Openg said.

Given the widely acclaimed success of Norway’s sovereign wealth fund that had been managed with the highest standard of governance since its inception in 1996, it is a standard Sarawak needs to benchmark on, he pointed out.

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Taking over Sapura Energy will depend on financial situation, says Tok Pa

July 7, 2022

Wait, what? PETRONAS is proposing this? What about our fabrication yards?

Dateline 2022-05-14, FMT:

The government must look at the country’s financial performance before considering the proposal for Petroliam Nasional Bhd (Petronas) to take over Sapura Energy Bhd (Sapura Energy) to prevent the oil and gas company from going bankrupt.

Economic affairs minister Mustapa Mohamed said careful consideration must be taken as the oil and gas industry is a strategic industry and taking into account that Sapura Energy is the world’s second largest integrated oil and gas service provider.

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Anniversary – Piper Alpha Disaster

July 6, 2022

Oil & Gas Engineers never forget.

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Petronas-Aramco refinery in Malaysia restarts after 2-year closure: source

July 6, 2022

Dateline 2022-05-11, Arab News:

 A 300,000 barrel-per-day refinery-petrochemical complex in Malaysia run as a joint venture between Petronas and Saudi Aramco has restarted after a more than two-year closure, a source with knowledge of the matter said.

The complex in Pengerang, Johor, is resuming operations at a time when refining margins in Asia are at record levels, buoyed by a fuel demand recovery as more economies across Asia, except for China, ease COVID-19 restrictions.

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Dive Tenggol – 2022-06

June 22, 2022

Wanna dive?

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