Will the check bounce?
Dateline 2020-09-16, Malay Mail:
Sarawak’s endeavour to reclaim its rights on its oil and gas resources will reach a milestone tomorrow with Petroliam Nasional Berhad (Petronas) finally handing over a cheque to the state government for the State Sales Tax (SST).
According to a media invite from the Chief Minister’s Office today, Chief Minister Datuk Patinggi Abang Johari Tun Openg will receive the cheque from Petronas at Wisma Bapa Malaysia here at 4pm.
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Did I miss the check handover ceremony, or soming?
Dateline 2020-09-13, Malay Mail:
Petroliam Nasional Bhd (Petronas) is expected to pay up over RM2 billion for the sales and services tax for the oil and gas to the State government by this month end, said Assistant Minister in the Chief Minister’s Department (Law, State-Federal Relations and Project Monitoring) Datuk Sharifah Hasidah Sayeed Aman Ghazali.
She said the payment should be done soon, after the computation of the process which includes the penalty and interest.
“The wait will not be much longer, by end of September we should be done. On the exact amount, I’m not sure as it is still being computed,” she told reporters at the Surau Darul Nur Dini upgrading works completion event at Kampung Sungai Midin today.
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I don’t know what the status is as of today, but hey.
Dateline 2020-09-01, The Borneo Post:
Non-Sarawakian workers in the oil and gas industry who are entering Sarawak will be required to undergo quarantine effective today, said the State Disaster Management Committee (SDMC).
It said in a statement that Malaysians from Peninsular Malaysia, Sabah and Labuan as well as non-Malaysians who are signing on from their platforms will be placed at a quarantine centre in the state for 14 days.
“An rT-PCR test will be taken on the second and tenth day of quarantine.
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Dateline 2020-07-15, Malay Mail:
Negotiations to reclaim a regulatory role in the mining of oil and gas resources within Sarawak’s territorial waters is ongoing with the federal government and national oil company Petronas, Datuk Sharifah Hasidah Sayeed Aman Ghazali said today amid questions over the lack of transparency in the process.
The Sarawak assistant minister of law, state-federal relations and project monitoring also said the state is also negotiating to increase its revenue share from oil and gas and greater investment opportunities in downstream activities by the state government and Petroleum Sarawak Berhad (Petros).
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Dateline 2020-07-04, Malay Mail:
THE ongoing discussion between officials from Sarawak, Petroliam Nasional Bhd (Petronas) and the federal government is one that is being closely watched by all parties.
The outcome of the talks is likely to be historic for Malaysia’s oil and gas (O&G) sector. It could also have an impact on the coffers of both the federal government and that of the state of Sarawak. Petronas’ earnings and business activities are also at stake.
Sabah, another large O&G resource hub, has also staked a claim for more tax collections from Petronas.
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Dateline 2020-07-02, The Malay Mail:
The proposed Sarawak Petrochemical Hub, when fully operational, is expected to create 74,000 new jobs, which could potentially contribute an additional RM16 billion to RM20 billion per annum to the state’s gross domestic product (GDP), Chief Minister Datuk Patinggi Abang Johari Openg said today.
He said this will allow Sarawak to add value to its natural resources in line with its aspiration to intensify downstream activities in the oil and gas (O&G) sector.
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Dateline 2020-06-12, Malay Mail:
Putrajaya has directed national oil company Petronas not to proceed with its appeal after losing a court case and being ordered to pay Sarawak the sales tax amounting to RM2.8 billion, Chief Minister Datuk Abang Johari Openg said today.
He said Petronas had filed an appeal of the High Court’s decision on the application for a judicial review against the imposition of the Sarawak Sales Tax on the import of petroleum products before the change of the federal government from Pakatan Harapan (PH) to Perikatan Nasional (PN).
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Dateline 2020-07-11, Reuters:
Malaysia’s energy-rich Sarawak state will pursue legal proceedings against national oil company Petronas over the non-payment of sales tax, backtracking on a settlement agreement reached last month, national news agency Bernama reported.
Petronas and Sarawak had reached a settlement in May, with the energy company agreeing to pay 2 billion ringgit ($470 million) in back sales taxes, and Sarawak agreeing to drop a civil lawsuit it filed last year to seek the funds.
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Lawyer are essential services.
Dateline 2020-03-18, FMT:
Petronas is still considering whether to appeal against last week’s High Court ruling that Sabah and Sarawak have the right under the Federal Constitution to impose sales tax on petroleum products.
“We have 30 days from March 13 to file a notice of appeal to the Court of Appeal,” said lawyer Malik Imtiaz Sarwar who represents the national oil and gas company.
Last week, judge Azahari Kamal Ramli, who is based in Kuching, dismissed Petronas’ judicial review application to declare the Sarawak state sales tax null and void.
Petronas had claimed that some parts of the state’s Sales Tax Ordinance 1998, which require the national oil company to pay the 5% sales tax on petroleum products to Sarawak, were unconstitutional.
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Leave a Comment » | oil and gas | Tagged: Azahari Kamal Ramli, Malik Imtiaz Sarwar, Petronas, Sabah, sales tax, Sarawak | Permalink
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Dateline 2020-02-14, FMT:
At a dialogue session organised by the Malaysian French Chamber of Commerce and Industry, Prime Minister Dr Mahathir Mohamd played down the state-federal tussle over the 20% oil royalty. The increase was promised to Sabah and Sarawak by the Pakatan Harapan government (PH) if it came to power.
After a long period of procrastination, it is clear and transparent that the PH government has no intention of keeping its promise. The hope for more oil royalty for development funds has now been marked down as another election promise meant to be broken.
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Leave a Comment » | oil and gas | Tagged: Dr Mahathir, Sabah, Sarawak | Permalink
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Wata - Malaysian Oil and Gas Engineer 