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Showing posts with label Petroleum Sabah. Show all posts
Showing posts with label Petroleum Sabah. Show all posts

Dr Jeffrey Urges Government to Restore Oil Rights

Jeffrey Kitingan claims the vesting order signed by
then prime minister Abdul Razak on March 26, 1975
granting ownership rights to Petronas is
unlawful, unconstitutional and nvalid.
“The Sabahgovernment need to take immediate actions to restore ownership rights of Sabah’s oil and gas resources as the legal opinion is that the vesting order signed by Tun Abdul Razak on 26 March 1975 granting ownership rights to Petronas is unlawful, unconstitutional and invalid” said Datuk Dr. Jeffrey Kitingan, Chairman of STAR Sabah at a press conference regarding proposed legal action on the vesting of Sabah’s oil and gas resources to Petronas.

As a re-collection, Tun Abdul Razak, the then Prime Minister of Malaysia, had on 26 March 1975 signed away Sabah’s oil and gas resources to Petronas by executing the Vesting Order under Section 2(2) of the Petroleum Development Act, 1974 and granted in perpetuity and conveyed to and vested in Petronas the ownership in and the exclusive rights, powers, liberties and privileges of exploring, exploiting, winning and obtaining petroleum whether lying onshore or offshore of Malaysia. 

Star: Petronas misses point – its ownership and responsibility

“Petronas is irresponsible and misses the point when it acted as if it is the sole custodian of Malaysia’s oil and gas resources.” said Datuk Dr. Jeffrey Kitingan, STAR Sabah Chief, in response to Petronas’ statement that Petronas cannot afford to increase the cash payment to 20% to the oil-producing States as offered by Pakatan Rakyat.

The federal government is also irresponsible in using Petronas as its mouth-piece to reject the claims of the oil-producing states for increases in the cash payment from the current 5%.

The federal government and Petronashas totally ignored the fact that the oil and gas resources belonged to the states, Kelantan, Terengganu, Sabah and Sarawak, in the first place.  It did not belong to the federal government and definitely not Petronas.

It's High Time To Review The Petronas Oil Royalty Agreements!

By Dr Jeffrey G. Kitingan

In view of the shocking developments from inevitable results of the sudden oil price hike, I would like to raise several issues with regards to the situation in Petronas which I believe most people are NOT aware of.

This is especially pertinent in the face of several revelations, such as the fact that the oil wells in Sabah will dry up six years from now. The issue has also been raised that Petronas "could go bust in 2018", forcing us to ask:

Petronas should repay PTPN study loans by Sabahans, demands new NGO

KOTA KINABALU: A new citizen movement that has demanded that oil royalty for Sabah should be at least 70 percent, Oil for Future Movement (OFF), now wants state-owned Petronas to repay all study loans from PTPN (National Higher Education Fund Corporation) by Sabahan students.

OFF chairman, Phillip Among, said thousands from Sabah who had loaned study aids from the government-controlled PTPN have become victims instead of the scheme when they could not find jobs for courses taken under the PTPN loan.

UBF: Petroleum Fund Better than Nothing But Not the Right Solution

Sabah only get 5% share of its oil production
while peninsula getting the most

By Edward Linggu
TAMPARULI: The proposed Petroleum Fund for Sabah suggested by Pakatan Rakyat is not the only right solution for Sabah.

Obviously, the Petroleum Fund is better than nothing under the BN Government, there are better ways to ensure the Government and people of Sabah benefit from its oil resources.

Although there have been reports of new oil and gas finds off the coast of Sabah including its inner waters and the inking of the RM37 billion joint venture by Petronas a few days ago, it has to be remembered that Sabah’s oil and gas resources are a depleting resource.

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