Courts should not be the only option for Sarawak’s oil royalty fight, group says | Malay Mail

Thursday, 26 Dec 2019 12:55 PM MYTSPG said the inequitable of wealth and the continuing poor management of Sarawak’s oil and gas resources is manifested in the current disagreement between the state and federal government and Petronas. — Reuters pic

SPG said the inequitable of wealth and the continuing poor management of Sarawak’s oil and gas resources is manifested in the current disagreement between the state and federal government and Petronas. “At the same time, the federal government also collects petroleum income tax from both Petronas and other production sharing contracts companies as well as dividends from Petronas’s profits.

It said one of which was that Petronas only makes a profit margin of 3.7 per cent from its local oil production, which would appear to be with regard to deep water operations, that at the moment only constitute a small part of Petronas’s local operations, while most are still in shallower waters.

Evil agenda is behind this effort orchestrate by foreign funded group to promote Sarawak out of Malaysia. Supported by Zionis media

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