Nuclear option should stay

November 27, 2018

Yes, it is an excellent deterent I look forward to when we have backyard reactors.

Dateline 2018-10-04, NST:

PRIME Minister Tun Dr Mahathir Mohamad recently lamented our traumatic experiences with radioactive materials (amang) during his special address at the recent Conference of Power and Electricity Supply Industry 2018 (CEPSI 2018).

He said that until today, scientists still haven’t delivered an acceptable solution for the radioactive waste problem and then stressed that nuclear power should never be an option for Malaysia.

This feels like we are unwittingly turning the clock back to the 80s. This is because nuclear power is now widely acknowledged as the only proven solution for carbon-free base load electricity generation. Nuclear power was so popular in the last decade that there was even a brief period of global nuclear renaissance when climate change felt inevitable and the hike in crude oil prices seemed unending. Unfortunately, the Fukushima nuclear accident in 2011 put a spanner in the works. Nevertheless, 436 nuclear power reactors are still in operation in 31 countries around the globe. In addition, 55 new reactors are currently under construction. Even Japan, which closed down or suspended the operations of all of its nuclear power plants after the Fukushima disaster, has restarted a few plants to meet domestic electricity demands.

Germany, on the other hand, decided in 2000 to shut down all of its nuclear power stations. It now imports electricity from (ironically) nuclear-powered France while sweating over a creeping increment of carbon index due to higher reliance on fossil fuels.


Dr M: ECRL and Sabah gas pipeline projects cancelled

November 10, 2018

Dateline 2018-08-21, NST:

Tun Dr Mahathir Mohamad said the multi-billion East Coast Rail Link (ECRL) and Trans-Sabah Gas Pipeline (TSGP) projects are cancelled for now.

The prime minister said Chinese President Xi Jinping and premier Li Keqiang understood the reasons behind the cancellation of the two Chinese government-backed projects.

“I have explained to them and they understood the situation and accepted them,” Dr Mahathir told journalists at the end of his five-day official visit to China.

“Initially, there were some misunderstandings but now they understood why we do it. I don’t think China wants us to be bankrupt,” said Dr Mahathir.

Dr Mahathir said the projects involved huge amounts of money and Malaysia does not really need them at the moment, amid the country’s financial situation with high debt left by the previous government.


Oil royalty or profit-sharing: which will pay more?

October 5, 2018

Depends on who sets the expenditure, eh?

Dateline 2018-07-21, FMT:

A Borneo daily reported that Prime Minister Dr Mahathir Mohamad has cast doubt over his own announcement in the Dewan Rakyat about the oil royalty issue. The confusion started when Mahathir answered questions from MPs and mentioned oil royalty at the beginning of his answers and later profit sharing in his conclusion.

“Everybody will get 20% of the profit from their area. If their area produces a small amount, then they will have 20% of profit from that area. But it is the profit,” Dr Mahathir told reporters.


Malaysia to grant 20% royalty to its oil-producing states

October 2, 2018

Yes, keep an eye on the Queen in this game of numbers.

Dateline 2018-07-19, The Star:

All states that produce oil will receive 20% of profit from the resource, Prime Minister Tun Dr Mahathir Mohamad speaks in parliament.

* Note: Campaign manifesto includes pledge to give 20% royalty to oil-producing Sabah and Sarawak states

* Government’s priority is on cleaning out damage from corruption and efforts to recover missing funds

* Government is committed to carrying out 60 promises and 40 commitments in its campaign manifesto

* Government may not be able to meet its 10 promises for the first 100 days in time – Bloomberg


Kelantan thanks federal govt for oil royalties

September 11, 2018

Short and to the point.

Dateline 2018-06-25, The Malaysian Insight:

THE Kelantan government is grateful to the federal government for agreeing to give it oil royalties, as stated by Prime Minister Dr Mahathir Mohamad during a recent National Finance Council meeting.

Menteri Besar Ahmad Yakob said in a statement today that he had called on Dr Mahathir at the premier’s office at Perdana Putra, Putrajaya.


Uncertain days for Malaysia’s oil industry

July 2, 2018

Dateline 2018-05-18, Petroleum Economist:

Malaysia’s new prime minister, Mahathir Mohamad, has moved quickly to make good on an election campaign pledge to scrap a goods-and-services tax (GST) blamed for rising living costs. Speculation is now mounting over whether state-controlled oil and gas giant Petronas could be tapped to fill any resulting hole in the country’s finances.

 


Dr M: I told Petronas to enrich my son

November 22, 2012

The title is link bait supreme. Dr. M still manages to maintain his aura while fielding hard questions.

Dateline 2012-11-07:

(Tun) Dr Mahathir Mohamad today mocked a Malaysiakini reporter for questioning him on lucrative multimillion ringgit petroleum contracts involving Petronas and SapuraKencana Petroleum Bhd, of which his son Mokhzani is vice-president.

The visibly annoyed former prime minister, who is adviser to the national oil company, said he had used his influence with Petronas to ensure that SapuraKencana win the business.

“Yes, of course, he is given it because I instructed Petronas,” he told the reporter. “You can put that in your paper.