It’s not for Bung to say we can’t get 20% oil royalty, says Sarawak minister

October 29, 2020

Dateline 2020-09-25, FMT:

 A Sarawak minister said Sabah Umno chief Bung Moktar Radin has no say on whether Sabah and Sarawak can get 20% oil royalty from Putrajaya.

“It’s not for Bung to decide on whether Sabah or Sarawak can get the 20% oil royalty or not, ”Sarawak’s Tourism Minister Abdul Karim Rahman Hamzah told FMT.

“Whether Sabah or Sarawak get the 20% oil royalty wholly depends on the executive’s decision. If the prime minister agrees, then it will happen. Therefore, I’ll take his statement as his personal opinion only,” he added.

He was commenting on Bung’s recent statement that there was no way for Sabah and Sarawak to get 20% oil royalty from Putrajaya.

…

Leave a Comment » | oil and gas | Tagged: , , | Permalink
Posted by Wata

No way Sabah, Sarawak can get 20% oil royalty from govt, says Bung

October 22, 2020

Dateline 2020-09-17, FMT:

Sabah Barisan Nasional election chief Bung Moktar Radin doesn’t understand why Pakatan Harapan has pledged to increase the oil royalty payment for Sabah and Sarawak to 20%, claiming it could not be done.

Bung said increasing the oil royalty for the states was not easy as it involved pre-existing agreements with oil corporations, including international ones.

“We have done our research on the Malaysia Agreement 1963 on oil royalty and there is no way we can get the 20% from the federal government,” he told reporters after a ceramah in this interior Sabah district today.

“The agreement was signed after our independence with international corporations, including big firms from outside the country.

…

Leave a Comment » | Malaysian election | Tagged: , , | Permalink
Posted by Wata