Top posts

Featured Posts

Showing posts with label Tun Abdul Razak. Show all posts
Showing posts with label Tun Abdul Razak. 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. 

Search This Blog