Minyak dan gas bertahan maksimum 17 tahun

PETRA JAYA: Pengeluaran minyak dan gas Sarawak dianggarkan mampu bertahan antara 15 hingga 17 tahun akan datang berdasarkan kadar pengeluaran 5,000 juta kaki padu gas standard sehari (MMSCFD).

Menteri Muda Hubungan Korporat, Abdullah Saidol, berkata anggaran tempoh pengeluaran minyak dan gas itu dilakukan berdasarkan piawaian nisbah rizab kepada pengeluaran.

“Justeru, adalah penting bagi kerajaan negeri kembali mengawal sumber terbabit melalui PETROS, termasuk menguatkuasakan pengawasan dan melindungi kepentingan minyak dan gasnya.

“Sehingga kini, pendapatan yang dijangka diperoleh Sarawak bagi sumber minyak dan gas adalah dalam lingkungan RM3 hingga RM4 bilion setahun.

“Kerajaan negeri konsisten mengekalkan permintaan menaikkan royalti minyak sebanyak 20 peratus,” katanya ketika menjawab soalan Aidel Lariwoo (GPS- Sadong Jaya), di Persidangan Dewan Undangan Negeri (DUN) Sarawak, di Kompleks DUN Sarawak, di sini hari ini.

Abdullah ketika mengulas lanjut, berkata Sarawak mempunyai 52.7 peratus rizab negara yang diketahui, selain berperanan menjadi pengeluar gas asli terbesar negara.

“Sarawak juga menjadi penyumbang terbesar melalui aliran pendapatan di loji Bintulu. Kerajaan negeri memberi mandat kepada PETROS untuk memainkansebagai pengawal selia utama dan menjadi pemain aktif dalam Kontrak Pengeluaran Bersama (PSC) gas di negeri ini,” katanya.

Beliau berkata, PETROS akan memperkukuhkan pengawasan sumber gas menerusi Strategi Jaringan Bersepadu bertujuan mengimbangi bekalan huluan dengan penggunaan hiliran.

“Ketika ini, tumpuan PETROS adalah mensasarkan penyertaan PSC untuk menjana pendapatan di Sarawak. Tindakan itu penting kerana PSC sekarang ini dikawal sepenuhnya oleh PETRONAS,” katanya.

Source: https://www.bharian.com.my/berita/wilayah/2018/11/496138/minyak-dan-gas-bertahan-maksimum-17-tahun

Don’t drop austerity mindset

Petronas tells O&G players sustainability of stronger oil price remains to be seen

WHILE the worst of the downturn in the oil and gas (O&G) industry is now over, the outlook is not blue skies. Cost is already showing signs of increasing at a worrying rate, and there is now some premature exuberance among the industry players.

Players should not drop the austerity mindset otherwise all the previous efforts from Petronas’ intensive cost-efficiency efforts over the last three years will be negated.

This was the key message that Petroliam Nasional Bhd (Petronas) president and group chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin wanted to highlight when he presented Petronas’ stellar full year financial results to Dec 31, 2017 to a room full of reporters.

Wan Zulkiflee also emphasised that the current stronger oil price was now supported by production cuts of the Organisation of Petroleum Exporting Countries (Opec) and non-Opec countries, hence the sustainability remains to be seen.

“Therefore, it is imperative to continue to keep costs under control, increase efficiencies and drive up value,” he said.

Certainly, oil prices have recovered remarkably since it started crashing from its high of US$110 in mid-2014. It hit its low of US$27 in January 2016, and has since been on a steady uptrend.

For the most part of 2017, oil prices hovered between the US$50 and US$65 level. Brent traded at US$64 as of press time yesterday.

Overall, Petronas announced strong financial results, both for its fourth quarter as well as its full year to Dec 31, 2017 due to stronger oil prices along with the group’s ongoing transformation efforts which focused on cost optimisation and efficiency improvements.

For the fourth quarter to Dec 31, 2017, Petronas’ profit after tax increased by 61% to RM18.2bil from RM11.3bil in the corresponding quarter last year due to higher revenue and lower net impairment on assets and well costs.

As a result, earnings before interest, taxation, depreciation and amortisation (ebitda) was also higher by 15%, at RM25.3bil compared to RM21.9bil in the corresponding quarter last year.

The group’s revenue rose to RM61.8bil, 14% higher compared with the corresponding quarter last year. This was contributed by higher average realised prices recorded for major products and higher sales volume mainly from LNG and petroleum products, partially offset by the effect of the ringgit strengthening against the US dollar.

Outlook

The positive fourth quarter results were also driven by the upward trend of key benchmark prices and better margins.

“The continued drive for higher productivity and operational excellence have placed Petronas in a stronger position to execute its long-term growth strategy. Subject to sustainability of price recovery, the group expects to deliver a satisfactory performance in the next financial year,” Wan Zulkiflee told a press conference.

Meanwhile, for the full year, Petronas’ profit after tax jumped by 91% in 2017 to RM45.5bil, compared with RM23.8bil recorded in 2016.

The increase was achieved on the back of higher revenue, lower net impairment on assets and well costs and continuous efforts to optimise costs in 2017.

The group’s revenue increased by 15% to RM223.6bil compared with RM195.1bil recorded in 2016. The increase was mainly due to higher average realised prices recorded for major products coupled with the effect of weakening of the ringgit against the US dollar. This was partially offset by lower sales volume for crude oil & condensate and petroleum products.

Cumulative 2017 ebitda rose to RM92bil compared with RM70.7bil recorded in 2016, in line with higher profits.

Ratilal: At current price levels, we have done a lot of adjustments to our asset values, and these have been done over the last three years.

Cash flows from operating activities improved to RM75.7bil, an increase of 41% from RM53.8bil in 2016.

Total assets as at Dec 31, 2017 was slightly lower at RM599.8bil compared with RM603.4bil as at Dec 31, 2016 primarily due to the impact of the ringgit strengthening against the US dollar.

Shareholders’ equity of RM389.8bil as at Dec 31, 2017 increased by RM9.4bil compared to last year mainly due to profit generated during the year.

The group’s gearing ratio remained stable at 16.1% compared to 17.4% recorded last year. Return on capital employed (ROACE) increased to 9.8% compared to 5.4% in 2016, in line with higher profits.

Capital investments for the year ended Dec 31, 2017 totalled RM44.5bil, mainly attributable to the Refinery and Petrochemical Integrated Development (Rapid) project in Johor.

Below are excerpts from the Q&A session Wan Zulkiflee had with reporters. Also present was Petronas executive vice-president and group chief financial officer Datuk George Ratilal.

Dividends:

Petronas paid RM16bil in dividends in 2016. What was Petronas’ dividend payment in 2017 and what is it planning to give out in 2018?

WZ: We gave out RM16bil in 2017. For 2018, we are planning to give out RM19bil in dividends

Capex:

Petronas spent RM44.5bil in capex for 2017. Will this increase in 2018?

WZ: Yes, this year Petronas is planning to spend more, around RM55bil.

Oil price estimation when planning its budget:

When Petronas planned its budget and capital expenditure in 2017, it planned it based on oil prices of US$45. What is Petronas’ estimation of oil prices when it plans its budget for 2018?

WZ: We will be basing our budget similar to the Government’s budget, which is at Brent oil prices of US$52 per barrel.

Outlook for oil price in 2018:

WZ: There are many things that affect oil prices. The Opec voluntary cuts, supply and demand, and also the speculative element. As a company, we are very conservative, and our forecast is somewhat lower than current prices, and this morning Brent was US$64.

In the bigger scheme of things, we are such a small player.

I think the global demand is about 97 billion to 98 billion of barrels a day, and we produce only half a million barrels a day. So in the overall scheme of things, we are small.

Going forward, I think oil prices will be decided by the bigger players. I think we need to look at inventory levels. That is the criteria we know that we have to achieve collectively, for Opec and non-Opec countries. Based on the inventory levels, Opec will decide whether they want to continue with the production cuts.

Petros:

WZ: I have been on record to say that we welcome any such state-owned bodies or business entity in the oil and gas business. We welcome their participation, as long as it is set up within the proper arrangements that have been made.

Who decides on Petros’ investments, and who will be the governing body for Petros?:

WZ: I think since this involves Petros, it is better you ask them. I don’t think I am in a position to respond for Petros.

Level of consolidation among the oil and gas players:

WZ: There have been attempts by a few industry players in Malaysia, but I think it is not as material as we had hoped for. I know its not easy. But I think going forward, we still need competitive big companies to serve the industry in Malaysia and in the region. So we are still encouraging companies to consolidate.

Petronas’ Canada project:

In 2017, one of the significant decisions made by Petronas was not to proceed with the Final Investment Decision on the Pacific North West LNG project and the Prince Rupert Gas Transmission project in Canada. However, Petronas will continue to evaluate options to monetise gas in Canada. So what is the status on Canada?

WZ: Yes, we are producing about 600 million standard cubic feet of gas for the local markets.

And we have world-class gas assets. The proven resources are about 23 trillion standard cubic feet. So, yes we will definitely continue to explore all options that we have to monetise this resource. This is an ongoing process.

Impairments:

GR: At current price levels, we have done a lot of adjustments to our asset values, and these have been done over the last three years. So if prices remain at this level, we don’t see any significant impairments. Impairments happen for two reasons – one is price levels and therefore future cashflows need to be adjusted lower.

The other reason is a breakdown in operational aspects. So that is if something happens somewhere in the business. That, we can’t quite predict. However, besides that, we don’t expect any substantial level of impairments similar to what happened in the last two years.

Retrenchment:

WZ: Today, we dont’ have any big plans for retrenchment. However, as an ongoing exercise and this is nothing new and special, we have got a process where repeated non- performers will have to leave. But this is normal and has been done for many years now.

There is now no specific programme for retrenchment.

FLNG 1 and FLNG2:

Petronas has commissioned the world’s first floating liquefied natural gas (FLNG) liquefaction, storage and offloading vessel – Petronas FLNG Satu – which is now operating offshore in Sarawak. What are the plans to set up a second FLNG?

WZ: FLNG 1 has delivered six cargoes, and we are happy with its performance.

FLNG 2 is now under construction. It will be in operations in 2020. We are confident that we are on track to be operational by then.

Source: https://www.thestar.com.my/business/business-news/2018/03/03/dont-drop-austerity-mindset/

Unity drives Sarawak forward — Abg Johari

Abang Johari enters the gateway on a trishaw.

SIBU: Sarawak has been able to move forward because of the strong unity among the people despite their many differences, says Chief Minister Datuk Patinggi Abang Johari Tun Openg.

He said Sarawakians were a very lucky lot as there has never been any racial or religious tension among them.

“That is why the prime minister admires Sarawak very much. If you want to see a state that is so united where people of various races and racial backgrounds and religious beliefs are living harmoniously under one roof, if you want to see the model of harmonious living, look at Sarawak,” he said.

Abang Johari (centre) declares open the event, witnessed by Dr Sim (fourth left), Wong (sixth left) and others.

Speaking at the Harmony Night at Sibu Gateway on Wednesday night, he said Sarawak was able to develop due to stability among the races.

He thus hoped that the state would continue to have peace and stability that the people have been enjoying all this while.

On politics, he said the opposition party’s decision to work with former prime minister Tun Dr Mahathir Mohamad proved that they don’t have any principle.

“Before this, Democratic Action Party (DAP) leaders regarded him (Dr Mahathir) as a dictator, but today, they have changed and have become best friends.

“That shows DAP has no principle in serving the people. They do it for their own agenda.”

Abang Johari also said Dr Mahathir once regarded people of Sarawak as lazy.

“He is the one who is lazy for not coming to Sarawak often when he was the prime minister. If he came to Sarawak frequently, we would have the Pan Borneo Highway,” he said.

He also mentioned Petroleum Sarawak Berhad (Petros) which is one of the weapons to take back Sarawak’s rights that are enshrined in the Malaysia Agreement 1963.

“I am confident that I will be able to take back our rights based on the Constitution.”

He also said he would strive to continue with the policies of the late Pehin Sri Adenan Satem for the good of Sarawak

“There is no point for us to be divided. We will not be strong if we are divided,” he said.

He also hoped that Barisan Nasional (BN) could take back Sibu seat in the coming election, and that Sarawak United People’s Party (SUPP) and United People’s Party (UPP) would stay united for the future of Sarawak.

Meanwhile, over 3,000 people braved the drizzles to turn up for the Harmony Night themed ‘United We Stand’.

Members of the public sing ‘The Sarawak Dream’ while waving slogans.

Datin Patinggi Dato Juma’ani Tun Tuanku Bujang, Minister of International Trade and E-Commerce Dato Sri Wong Soon Koh, his wife Datin Sri Pauline Leong, and Minister of Local Government and Housing Minister Datuk Dr Sim Kui Hian were also present.

Source: https://cm.sarawak.gov.my/modules/web/pages.php?mod=news&sub=news_view&nid=2084

Sabahans wait to see if Najib will keep promises on state rights

THE return of Sabah’s lost rights will be on the minds of many Sabahans as Prime Minister Najib Razak, who had vowed to return them, begins his two-day visit to the state tomorrow.

This could be Najib’s final visit to Sabah as prime minister ahead of the 14th general election which is speculated to be held before June, although the Barisan Nasional government’s mandate expires in August.

Sabah’s opposition leaders, however, believe Najib will keep the state waiting for any news on the return of special rights due to the state under the Malaysia Agreement 1963 (MA63) .

To them, his promises are merely election ploys and they see no reason for delays.

“Najib has come here so many times and all he had to do was just return our lost rights. What is there that is holding him back? 

“Everything is laid out clearly in the Federal Constitution,” said Lajim Ukin, the president of Parti Harapan Rakyat Sabah, one of the four parties in the Sabah opposition alliance, United Sabah Alliance.  

The restoration of state rights under MA63 has become a common call for parties on both sides of the political divide in Sabah and the hottest topic is the state’s 40% revenue entitlement.

A fact-finding groups formed by the government called the MySabah group found the federal government had halted payments of the entitlement since 1974.

The 40% entitlement was the reason why Sabah’s leaders had agreed to form the Federation of Malaysia in 1963, along with Sarawak, Malaya and Singapore, which broke away two years later.

Over time, Sabah’s political leaders said they have seen the state gradually cede its executive powers to the federal government in many areas ranging from oil resources, to education, power generation and other rights.

Sabah Star leader Dr Jeffrey Kitingan said Sabah suffered from a lack of development and had a higher poverty rate as a result of the erosion of state rights.

He said this was due to the lack of federal funds being put back into the state, despite Sabah contributing a sizeable amount to federal coffers from its natural resources.

Parti Warisan Sabah treasurer Terrence Siambun, meanwhile, said Najib should deliver his promise with no strings attached.

“The thing about MA63 is beyond politics. BN has been in power for over 20 years in Sabah but only made little effort to restore our rights.

“But now the prime minister is now going around making this promise just because the election is around the corner. If he is truly sincere, he should just implement our rights and not allow matters like the MA63 to be used as election bait,” he said.

The call for a return of state rights has gained political traction since the last two elections and Najib in his visit to Sabah has repeatedly promised their return.

Political observers expect Najib to announce some progress now that neighbouring state Sarawak has gone ahead to gain control of its upstream and downstream oil and gas industry thought state oil company Petros.

Sabah Umno leader Anifah Aman, who is also the foreign affairs minister, recently piled pressure by declaring he would leave Umno and refuse any federal cabinet post if Najib failed to deliver his promises on MA63. – March 20, 2018.

Source: https://www.themalaysianinsight.com/s/44097

LRT to ease traffic congestion, says Abang Johari

Abang Johari (fifth right), Salleh on his right and Dr Sim on his left, strike the drums to mark the launch of ‘Harmony Nite’ at Kota Sentosa Square. Also seen are Juma’ani (seventh right) and Morshidi (third right). — Photo by Muhammad Rais Sanusi

KUCHING: The highly-anticipated Light Rail Transit (LRT) project in the state will enter a new phase with the announcement of its major routes by Chief Minister Datuk Patinggi Abang Johari Tun Openg this March 29.

When officiating at the ‘Harmony Nite’ themed ‘United We Stand’ at Kota Sentosa Square on Saturday night, the chief minister said the aim of the project, slated for works from early next year to 2029, is to ease traffic congestion in areas that are currently or expected to be experiencing extensive development growth.

He, however, hinted that one of the routes of the LRT would be to Mile 7 Bazaar, which has been experiencing rapid growth in terms of economic, residential and social infrastructures.

“Last time, there was no (traffic) jam in the bazaar as compared to now. This is one of the reasons why we have proposed for the LRT project to be built,” said Abang Johari.

He added that despite its positive impact, the LRT project still receives numerous criticisms from a certain opposition party member.

“His criticisms are ‘boleh tahan’ (quite severe) but when the project is completed, he himself will ride in the LRT,” he quipped.

He pointed out that the trains for the LRT would use hydrogen technology, which is currently used and being developed in China.

On another note, Abang Johari said the state government has fulfilled its promise to develop and improve infrastructure and bring in development projects, which have benefitted the people by providing various economic opportunities.

He pointed Kuching Sentral and the proposed low-cost carrier terminal (LCCT) airport – a collaboration between the state government and AirAsia – as among the development projects that could bring rippling effects to the people in Kota Sentosa, especially those in Mile 7 Bazaar.

“The airport will bring in more tourists to the state and who will benefit from such infrastructure? Of course, it will be the people in Kota Sentosa.”

Abang Johari emphasised that all the various development projects proposed and carried out by the state government would not be able to be realised without stability.

As such, there must unity and harmony among the people of various races and religions in the state, he stressed.

“We all live like one big family – we can eat and sit together at ‘kopitiams’ (coffe shops). Let it be this way,” he reminded.

Abang Johari also promised to continue the policies of the late chief minister Pehin Sri Adenan Satem, who had emphasised on numerous times never to label the Chinese as the ‘pendatang’ (immigrants).

“The Chinese are born and raised here (Sarawak) – they are Sarawakians. This is our policy and will continue to be our policy,” Abang Johari pointed out.

He also said the state government had increased its assistance to Chinese medium schools to RM7 million, recognised the Unified Examination Certificate (UEC) and announced the assistance of RM500,000 to SJK Sam Hap Hin, Kota Sentosa.

He praised Prime Minister Datuk Seri Najib Tun Razak for the mega projects in the state such as the Pan Borneo Highway development and at the same, he expressed confidence in Sarawak leaders to manage the state’s Development Bank of Sarawak (DBOS) and Petroleum Sarawak Bhd (Petros).

“The prime minister has also listened to us in our negotiations under the MA63 (Malaysia Agreement 1963). We (Sarawak) just want to take back our eroded rights – no more, no less. That is how we negotiate,” said Abang Johari.

He also said the federal government had allocated RM500 million to add to the state’s RM1 billion to upgrade and build Internet infrastructures as the backbone of Sarawak’s digital economy.

Also present were Abang Johari’s wife Datin Patinggi Dato Juma’ani Tuanku Bujang, Communications and Multimedia Minister Datuk Seri Salleh Said Keruak, Works Minister Datuk Seri Fadillah Yusof, Local Government and Housing Minister Datuk Sim Kui Hian, and State Secretary Tan Sri Datuk Amar Mohamad Morshidi Abdul Ghani.

Source: http://www.cm.sarawak.gov.my/modules/web/pages.php?mod=news&sub=news_view&nid=2001

‘Politics need not dominate oil royalty talks’

KUCHING: Chief Minister Datuk Patinggi Abang Johari Tun Openg says the issue of oil royalty needs to be discussed professionally between Petronas, representing the federal government, and Petros, which represents the Sarawak government.

He said politics must not be too dominant in the discussion, which was now ongoing between the two parties.

According to him, the discussion started following the Federal Court decision in June to dismiss Petronas’s proceeding to obtain court declaration to have exclusive ownership on oil and gas resources in the state.

Abang Johari delivering his speech.

“We leave it to professionals, let it be done professionally…politics must not be too dominant in the discussion. To me, let it (oil royalty) be discussed based on our right and how we benefit from oil and gas industry for the sake of the country and how Sarawak, which has the rights, can participate in the oil and gas industry…let it be discussed professionally,” Abang Johari said yesterday at the ‘Chief Minister with the media: The way forward’ event at Grand Margherita hotel here.

He pointed out that he would not want to make comments on the oil royalty as it could jeopardise the ongoing discussion.

“I do not want to be trapped into this argument (oil royalty) because there is now discussion between Petros and Petronas…I do not want to jeopardise their discussion, and Petros is exerting our right…let them work together,” he stressed, adding that the Sarawak government has the right to have regulatory control over its oil and gas.

Abang Johari also informed that whatever decision reached at the discussion would be referred to the federal government by Petronas, and to the state government by Petros.

Having said that, the chief minister stressed that the 20 per cent oil royalty should be based on production and not profits.

Abang Johari (seated fifth left) with Uggah (fourth left), Masing (third right), Morshidi (third left), Abdullah (second left) and Sharifah Hasidah (second right) in a photo call with the media practitioners after the function.

He further pointed out that there had been no communication between the federal and state governments about the oil royalty.

Thus, he said the ‘5 plus 20’ formula as mentioned by state Pakatan Harapan (PH) chairman Ching Chieng Jen was not from the federal government.

Chong, outside the Parliament on Monday, told reporters that while the five per cent royalty would be retained, the state would receive an additional 20 per cent in oil profits.

The chief minister also pointed out that when the state government rejected the offer in a memorandum sent by PH Sarawak to his office before the 14th general election, PH was not the government, adding that that memorandum was just from the party.

Abang Johari also stressed that the state would continue to fight for its rights based on rule of law as stipulated in the Malaysia Agreement 1963 (MA63), Federal Constitution and Oil Mining Ordinance (OMO) 1958.

“If that is our rights, that is our rights…nothing more, nothing less,” he asserted.

Meanwhile, the chief minister said there was a good working relationship between the federal and state government as demonstrated by the visit by Prime Minister Tun Dr Mahathir Mohamad and several federal ministers to Sarawak.

He said the state government would support any policies made by the federal government, if they are good for the state and the people.

Abang Johari (left) taking question from Abdullah Saidol on stage. Abdullah is also the moderator for the event.

Source: https://cm.sarawak.gov.my/modules/web/pages.php?mod=news&sub=news_view&nid=2189

Sarawak CM: Petros board members must be very experienced

Abang Johari says skills and experience are vital for the oil and gas industry to grow.

KUCHING: Sarawak Chief Minister Abang Johari Tun Openg said for a person to be appointed as a board member of the newly formed Petroleum Sarawak Berhad (Petros), he or she must be very experienced in the oil and gas industry.

He was responding to a question posed by a reporter who asked when he was going to appoint a Dayak representative to the Petros board of directors.

“Actually, there is already a Dayak representative in the board by the name of Mohd Medan Abdullah, who is a Muslim Kelabit,” he said here today.

The Chief Minister’s Office had recently announced the appointment of former state secretary Hamid Bugo, who once served with Malaysia LNG Sdn Bhd in Bintulu, as chairman of Petros. Hamid has also been chairman of oil and gas company Sapura Resources Bhd since March last year.

The other Petros board members announced are Sharbini Suhaili, Zuraimi Sabki and Heng Hock Cheng, whom Abang Johari had described as “experienced industry professionals with very strong and proven track records and had served in key positions in the oil and gas industry”.

Lately, Abang Johari has received criticism from the Dayak community (Iban and Bidayuh) for not appointing representatives from the two communities.

Following the widespread criticism in the social media, Deputy Chief Minister Douglas Uggah had said the chief minister had given him the task to look for a qualified Dayak to be on the board.

The chief minister also reminded these individuals and groups not to play with religious issues in the appointment of the board members.

Petros will enable the Sarawak government to participate in upstream oil and gas development, particularly in the exploration and extraction of oil and gas within state waters.

The state government said the initiative would create jobs for locals and draw expertise from outside the state.

“Petros is now embarking on the search for a CEO and other key management positions to enable it to be operational by the first quarter of next year,” he said, adding that Petros would not be a junior partner to Petronas, the national oil company.

Source: http://www.freemalaysiatoday.com/category/nation/2017/09/02/sarawak-cm-petros-board-members-must-be-very-experienced/

‘Unity the key to success’

KUCHING: Sarawak’s Malay community must preserve unity among themselves and with other communities so that the state can continue to develop.

Making this call, Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan said unity was the key to the community’s success over the years.

“But we cannot take this for granted. We need to identify our weaknesses and correct them for our unity to remain strong,” he said when opening a Malay cultural seminar here yesterday.

Awang Tengah said unity and development were the goals of the state government’s leadership under Chief Minister Datuk Patinggi Abang Johari Tun Openg.

“We want Sarawak to be a developed, high-income state by 2030.

“Various initiatives have been introduced to take back our oil and gas rights, such as amending the Oil Mining Ordinance and setting up Petroleum Sarawak Bhd (Petros),” he said.

Awang Tengah also reminded the Malay community not to ignore the rights of others communities in protecting their own rights and interests.

For instance, he said the setting up of the Unit For Other Religions (Unifor) should not be misunderstood.

“Unifor was set up to preserve the harmony in Sarawak’s multicultural society, where people from different faiths, cultures and backgrounds live together in unity.

“No single race can rule on its own without working together with the others. This is the reality.

“As Malays, we should be united and continue to respect and work together with the other communities in the state,” he said.

The three-day seminar was organised by the Sarawak Malay Cultural Foundation with the theme “Managing Culture in the Digital Era”.

The topics discussed included politics, education, rural development and leadership.

Source: https://www.thestar.com.my/metro/metro-news/2018/10/31/unity-the-key-to-success/

Sarawak CM must resolve oil, territorial disputes through the court, says DAP

WHILE there are valid considerations the Petroleum Development Act and the Territorial Sea Act have contravened the Federal Constitution, there was no legal basis for Chief Minister Abang Johari Abang Openg to declare they are not applicable in Sarawak.

Abang Johari, at the launch of the state-owned Sarawak Petroleum Bhd (Petros) on Wednesday, said Sarawak would assume full regulatory authority over the oil and gas industry in the state by July. 

He also claimed oil companies wishing to do business, including Petronas, must have the necessary approvals from the state government.

The chief minister was echoing statements on Monday the state has reclaimed its oil and gas rights, saying federal laws ensure the resources remain in Putrajaya’s hands.

Sarawak DAP women bureau affairs chief Irene Chang said laws Abang Johari’s claimed had no force such as the Petroleum Development Act 1974 (PDA), Territorial Sea Act 2012 (TSA) and Tripartite Agreement, signed by the federal government, Sarawak government and Petronas, have not been repealed or rescinded.

“To declare these two legislations as null and void and therefore have no application in Sarawak, the chief minister has to bring the matter before the courts of law. 

“Until the courts declare as such, the acts are in force and applicable in Sarawak,” Chang said. 

“To say otherwise is to give people false hope and the state government owes it to the people to set the matter right,” said the Bukit Assek assemblyman.

PDA gives Petronas exclusive ownership right to the oil and gas resources in Malaysia, and makes it the main regulatory body for upstream oil and gas activities. 

Under TSA, Sabah and Sarawak could not exert its sovereignty beyond 3-nautical miles from its shores, short of the 12-nautical mile limit on other coastal states. 

Chang urged Abang Johari to lead the state’s legislators to pass a motion to review the two acts and to get a court order to declare them null and void.

She added the state government might even have a legal argument to demand for the return of all the revenues earned from the resources from 1974 until now.

“Petros and Development Bank of Sarawak, although impressive and would create jobs, but whatever oil and gas that may be exploited in our waters, still need to go back to Petronas. 

“We are entitled to only 5% of the royalty,” she said. 

Chang said if the courts declared the two acts null and void and ultra vires to the Federal Constitution, then the Sarawak Barisan Nasional government needs to “apologise to the people of Sarawak.”

“It is time for the state gvernment to come clean and admit they allowed daylight robbery to be committed for the past 44 years. They need to prove their sincerity in claiming back what rightfully belongs to Sarawak. 

“Has the state BN government the political will to stand up to the prime minister and the federal government?

“Have they got the political courage to go up to their masters since they believe the acts are not applicable, Petronas should immediately cease operation in Sarawak waters?”

On March 2, Petronas announced profit of RM23.8 billion in 2016 and RM45.5 billion in 2017. – March 10, 2018.

Source: https://www.themalaysianinsight.com/s/42196

CM: Bold initiatives vital to develop Sarawak

MIRI: Sarawak must take bold steps if the state wants to fast-track its development agenda, even if these bold moves are radical, said Chief Minister Datuk Patinggi Abang Johari Tun Openg.

He said the state government’s decision to set up its own petroleum company (Petros) and bank (Sarawak Development Bank) were neccesary to achieve its ambitious goals.

“To achieve all these, we have set up Petros to further our participation in the oil-and-gas sector

“We set up our own state bank to finance key projects.

“We are going big in the information technology, energy generation, transportation and services sectors.

“These new initiatives require us to be bold in our investment strategies,” he said in a speech read out by Sibuti MP Ahmad Lai Bujang at the closing of the Miri Maal Hijrah celebrations here.

Abang Johari said the Maal Hijrah celebrations gave Muslims the opportunity to remember the bold steps taken by Prophet Muhammad in advancing the spread of Islam.

He said Prophet Muhammad too took bold steps to develop Muslims in religion and economy.

“Muslims today must continue to emulate the brave moves taken by Prophet Muhammad, especially in the economic field.

“To face the new global challenges, we must have the emotional and spiritual strength and be equipped with the required technology,” he stressed.

Muslims young and old from various organisations in Miri took part in oratory presentations during the event.

Source: https://www.thestar.com.my/metro/metro-news/2017/09/25/cm-bold-initiatives-vital-to-develop-sarawak-petroleum-banking-and-digital-plans-necessary-to-achiev/

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