No need Federal allocation if Sabah gets 50pc oil royalty, says Jeffrey

March 3, 2012

50% Royalty? Pleeze…

Dateline 2012-02-16:

Sabah State Reform Party (STAR) on Wednesday said that if Sabah were to receive 50 per cent oil royalty from Petronas, it would not even need Federal allocation to develop the state.

Its Deputy Chairman, Daniel John Jambun said this in response to a statement by Sabah BN Secretary Datuk Abdul Rahman Dahlan who said that Sabah would be compromised if Federal allocation or funds under the Malaysia Plan is reduced so as to pay the proposed 20 per cent oil royalty.

“Abdul Rahman forgot that under the Tenth Malaysia Plan (10MP), Sabah and Sarawak combined, are getting only about RM9 billion as compared to about RM100 billion for the Peninsula.

“At this rate of allocation, Sabah is actually getting less than RM1 billion per year throughout the five-year Malaysia Plan.

“As such, the Federal allocations are not much and hardly fulfil all the development needs of Sabah,” he said in a statement.

…

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Malaysia’s TNB, Petronas to build gas plant, LNG terminal

February 5, 2012

Dateline 2012-02-01:

Malaysia’s national power producer Tenaga Nasional Bhd and state oil firm Petronas will invest in a 2 billion ringgit ($657.46 million) gas plant and liquefied natural gas (LNG) terminal in Borneo island, the Star reported on Thursday.

The Star cited outgoing Tenaga Chief Executive Che Khalib Mohammad Noh as saying the 300 megawatts (MW) and LNG terminal in Malaysian state of Sabah will be operational by 2015.

The Malaysian states in Borneo island often suffer frequent electricity disruptions as there is not enough power supply generation.

…

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‘We can no longer compromise on oil’

January 29, 2012

Dateline 2012-01-21:

The Jeffrey Kitingan-led State Reform Party (Star) chapter in Sabah wants the licensing of the oil and gas industry in Sabah to be left in state hands. Currently licensing is under federal control.

This is among several points listed in the party’s ‘Petroleum Masterplan’ which was unveiled here yesterday.

According to Kitingan the “rights of Sabah and the welfare of the people can no longer be compromised by the continued exploitation of its oil resources at the expense of the people of Sabah.”

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Petroleum Fund another ploy to exploit Sabah oil

January 27, 2012

Free Malaysia Today has a lot of gripes against PETRONAS, don’t it?

Dateline 2012-01-19:

The proposal to set up a petroleum fund is a another way to tighten the stranglehold outsiders have over Sabah.

United Borneo Front (UBF), a Sabah based NGO, is dead against a proposal by Sabah PKR Secretary, Dr Roland Chia to set up such a fund.

UBF Campaign Director Edward Linggu said setting up the fund is not the “right solution”.

He noted that while only sketchy details were provided by Dr Roland, it appears that the proposed Petroleum Fund will be from Sabah’s oil and gas resources.

…

 

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Berita Wilayah – Year Of Rabbit Is Active Year For Petronas In Sabah

January 5, 2012

Dateline 2011-12-31:

2011 was an active year for Petronas with the national oil company increasing its presence in Sabah and re-energising the state’s oil and gas industry.

Petronas this year announced a whopping investment and its commitment to a combined capital expenditure of RM45 billion to implement an integrated oil and gas master plan for Sabah, involving the development of several upstream and downstream projects over the next few years.

The announcement received positive reactions and all-round support from the majority of the people and state leaders alike, although some said there was still room for improvement in Petronas’ presence in Sabah.

On Aug 4, Petronas general manager for Sabah and Labuan Regional Office, Joseph Podtung, said some of these projects had already started while others were expected to commence soon.

…

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From the Star – Sabah and Sarawak Left Out

October 30, 2010

Pouring oil on the fire, dateline 2010-10-19: Is it politically correct to bring out at this point that I need a work permit to ply my trade in Sabah and Sarawak?

DAP national publicity secretary Tony Pua has claimed that Sabah and Sarawak will remain marginalised because most projects under Budget 2011 are for peninsular Malaysia.

Of 39 prominent projects stipulated in the Budget, Pua said only eight were based in the two states and that the value of all projects in the peninsula amounted to a massive RM109.74bil.

“In contrast, Sabah and Sarawak’s amounted to a meagre RM9.55bil or just 8% of the total value,” he told reporters at Parliament lobby.

Pua said in the oil and gas sector, Sabah and Sarawak had contributed 44.5% in terms of crude oil and 64.1% of natural gas production in 2007.

“Based on the Ninth Malaysia Plan mid-term review, the two states remained the poorest in the country. It is hard to imagine that it was only in 1970 when Sabah was the second richest state in the country.”

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Sabah MP drills deep into oil blocks fiasco

July 11, 2010

The government said that the oil was never really ours in the first place. But, I guess the controversy will keep conspiracy theorists, opponents and ‘tell-all’ expose publishers in business. Anyone want to add more fuel to the fire?

From freemalaysiatoday,  dateline 2010-07-01:

KOTA KINABALU: Tawau MP Chua Soon Bui has called for a White Paper on the controversial ceding of three million acres of Sabah’s oil-rich maritime territory to Brunei.

She said Malaysians were confused and would like to know the truth behind the ceding of the two blocks, in light of the numerous statements made by various government representatives.

The statements, however, failed to answer the many lingering doubts over the move which is estimated to have caused Malaysia to lose about RM320 billion in oil and gas revenue.

“It is not just the loss of valuable oil and gas productions, but it is also the loss of Malaysian territorial waters for transportation, marine life and food resources,” said Chua.

“A White Paper on the matter would be in the interests of all Malaysians, especially to those in Sabah and Labuan.

“It is therefore with sincere intention that I propose to the Prime Minister’s Department to clarify all the doubts and ensure that the rights and interests of the people are always protected,” she added in her adjournment speech in Parliament recently.

And since we’re on the topic of conceding territory to ASEAN neighbours, here’s something from the same e-paper on Batu Puteh.

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