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Showing posts with label Petronas. Show all posts
Showing posts with label Petronas. Show all posts

Petronas; Dr. M & Umno’s Cave Of Gold

When Dr M, the ex-Prime Minister’s son Mirzan was in financial trouble with his shipping company, Konsortium Perkapalan Berhad, Dr M asked Anwar(Finance Minister that time) to instruct Petronas via MISC to help him. However, Mirzan wanted a higher valuation price, therefore MISC had a problem. The Late Dato Yassin, MISC Managing Director, told straight to Mirzan face, "Awak ingat MISC bapak awak punya company". And Mirzan reported to his father.

MISC was only willing to pay RM 950 million but Mirzan insisted RM1.3 billion in order to cover his cost. Anwar finally agreed to his request after Hasan Merican told Anwar, “Jangan cari pasal, dia anak Boss. Anyway, MISC is not your company”.

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.

Six Sabahans file suit against Petronas and Sabah Government

The six Sabahan with their lawyer who have filed a suit
against Petronas and the state government
By Ezra Haganez
KOTA KINABALU : Six Sabahans, including leaders from Sabah Progressive Party (SAPP) and PAS, have filed a suit against Petronas and the Sabah state government at the High Court here, seeking to declare the 1976 agreement between Petronas and Sabah state government null and void.

The group of six, calling themselves Royalty for Sabah, are Zainal Ajamain, Michael Peter Givind, PAS leaders Lahirul Latigu, Mohd Julpikar Ab Mijan, and SAPP's Dullie Mari and Joseph Wilfred Lakai.

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.

New movement demands 70% oil royalty for Sabah and Sarawak

By Ezra Haganez
KOTA KINABALU: A new citizen movement has demanded that oil royalty for Sabah should be at least 70 percent and not below to compensate the losses Sabahans incurred under a mere 5% royalty all these years.

Oil for Future Movement (OFF) chairman, Phillip Among, said on top of that oil royalty for Sabah must be backdated to 1976 and a statutory 8 percent interest per annum should be paid.

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