Petros, Sarawak may struggle solo, says state PN chief

Free Malaysia Today

Jaziri Alkaf Abdillah Suffian says the state may not have the capacity and talent needed for Petros to fulfil its role as the sole gas aggregator.   Read More: https://www.freemalaysiatoday.com/category/nation/2025/03/08/petros-sarawak-may-struggle-solo-says-state-pn-chief/   Laporan Lanjut: https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/03/08/mungkin-sukar-petros-sarawak-bergerak-solo-kata-ketua-pn-negeri/   Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------  Check us out at https://www.freemalaysiatoday.com  Follow FMT on Facebook: https://bit.ly/49JJoo5  Follow FMT on Dailymotion: https://bit.ly/2WGITHM  Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h  Follow FMT on TikTok : https://bit.ly/3uKuQFp  Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX  Follow FMT LinkedIn - https://bit.ly/42YytEb  Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj  Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------  Download FMT News App:  Google Play – http://bit.ly/2YSuV46  App Store – https://apple.co/2HNH7gZ  Huawei AppGallery - https://bit.ly/2D2OpNP   #FMTNews #JaziriAlkaf #Petros #Petronas

Transcript

00:00A former senator has cautioned politicians against airing simple narratives when discussing

00:06the right to oil and gas resources off Sarawak's coast.

00:11Sarawak Perikatan Nasional Chairman Jazir Alkaf Abdillah Sufian said these narratives

00:15tend to undervalue Petronas' contributions and may disrupt the relationship between the

00:20federal and state governments.

00:23He told FMT, Petroleum Sarawak Berhad cannot afford to sustain itself without Petronas

00:28as it currently lacks the necessary capacity and expertise.

00:33Jaziri also said Sarawak must balance its desire to reclaim its resources with playing

00:38its part in building a stronger nation, reiterating that the state lacks the talent and skills

00:43to stand alone.

00:44Meanwhile, a lawyer said it was too simplistic to attribute Sarawak's underdevelopment

00:50to being undercompensated by Petronas.

00:53Sarawak also has issues relating to the lack of transparency, financial mismanagement and

00:58corruption, the lawyer said.

01:01He said the production-sharing model guaranteed under the Petroleum Development Act 1974 is

01:06more equitable compared to the concession model under the Oil Mining Ordinance 1958.

01:13Speaking on condition of anonymity, the lawyer pointed out that the PDA brings the country

01:17better returns.

01:19On the other hand, the OMO allocates all resources to the concessionaire, with the

01:23state paying a fixed sum as royalty.

01:27Various Sarawak leaders have lately disputed Petronas' ownership of hydrocarbon resources

01:31in and around the state, insisting that the OMO should either override or, at the very

01:36least, be read alongside the PDA.

01:40Dhanesh Rajareza, FMT News.

Category

Transcript

Recommended