End bickering over Petronas’s O&G rights, ex-Treasury man tells S’wak

Free Malaysia Today

Nik Azmi Nik Daud says the Petroleum Development Act 1974 was properly enacted and is supreme, and tells those who say Sarawak was not consulted to ‘check their facts’.  Read More:  Laporan Lanjut:  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 #Petronas #Petros #OilAndGas #Sarawak

Transcript

00:00A former senior treasury official has urged Malaysians not to question Petronas' right

00:07to oil and gas resources in Sarawak amid reports that negotiations between the national oil

00:12company and petroleum Sarawak Berhad remain deadlocked.

00:16Nik Azmi Nikdaut told FMT that Malaysia had no control over its oil prior to the coming

00:21into force of the Petroleum Development Act 1974 as these rights had been placed by the

00:26former colonial powers in the hands of foreign corporations indefinitely.

00:31He also refuted claims that Sarawak was not consulted on the PDA, saying the legislation

00:36was drafted by Tunku Razali Hamza with strong support from then-Sarawak Chief Minister Abdul

00:41Rahman Yaqub.

00:42Nik Azmi said the two lawmakers were instrumental in the creation of Petronas and the nationalization

00:48of all oil resources, and that a vesting deed was signed on Sarawak's behalf by its then-State

00:53Secretary Bujang Nor.

00:56Nik Azmi also dismissed claims that the PDA was not approved by the Sarawak State Assembly,

01:01saying it was passed with a two-thirds majority.

01:04He said that there was no legal impediment to Petros being named gas aggregator, saying

01:08the Prime Minister was authorized under Section 6 of the PDA to make the appointment.

01:13However, he said Petros would be obliged to manage all infrastructure independently and

01:18cannot look to Petronas for a bailout.

01:21Nik Azmi added that while the PDA grants Petronas control of all upstream oil and gas activities,

01:26states like Sarawak can become partners through joint development agreements.

01:30Meanwhile, a lawyer with experience in oil and gas litigation dismissed suggestions that

01:35the PDA was invalid, saying the courts have never ruled it to be unconstitutional.

01:40He also refuted claims that the PDA was an emergency law, saying Parliament was fully

01:45operational when the act was passed.

01:48The lawyer, who asked to remain anonymous, also told FMT that Sarawak had no right to

01:53oil and gas under the federal constitution.

01:56He also said Sarawak's acceptance of oil royalties over the years contradicts its position

02:01that the state's oil mining ordinance in 1958 overrides the PDA.

02:07Dhanushar Jereza, FMT.

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