BN Must Be Aggressive To Recapture Miri Parliamentary Seat – Abang Johari

MIRI, Feb 19 (Bernama) — Sarawak Barisan Nasional (BN) components must go all out to recapture Miri parliamentary seat, once a BN stronghold but lost to the opposition for the first time in 2013, in the coming 14th General Election (GE14).

Chief Minister Datuk Patinggi Abang Johari Tun Openg said with all four BN component parties Parti Pesaka Bumiputera Bersatu (PBB), Parti Rakyat Sarawak (PRS), Progressive Democratic Party (PDP) and Sarawak United People’s Party (SUPP) now fully recovered after being embroiled in internal conflicts, chances of winning back the Miri parliamentary seat seem to be bright.

“We must win Miri parliamentary seat so that we can develop together for the future generation,” he said at the Chinese New Year Dinner organised by the SUPP Miri and Sibuti parliamentary liaison committee last night.

As such Abang Johari, who is also the state BN chairman, said the Miri community must think rationally during GE14 as it would determine the future of Miri as well as the development of Miri division.

“All four leaders in Sarawak BN component parties were Sarawakian, we will protect the state rights based on the constitution,” he added.

Meanwhile, SUPP Miri and Sibuti Parliamentary liaison committee chairman Datuk Lee Kim Shim said for the GE14, SUPP has formed an election committee with the election machinery ready to move once the campaigning starts.

“Together with our component parties PBB, PRS and PDP we will make sure that we win back the Miri parliamentary seat,” he said.

On another issue, Lee who is state Assistant Minister for Tourism, Arts and Culture hoped that the state government would study the possibility of turning Miri river located at Pullman Hotel to Kampung Wireless to be turned into a waterfront that could attract tourists similar to the Kuching Waterfront.

He also appealed to the Chief Minister to consider making Miri City as the headquarters of Sarawak-owned oil and gas company, Petroleum Sarawak Berhad (Petros).

“Miri has been the centre for oil and gas industry for over hundreds of years, it is hoped that Petros will play an active role in developing the oil and gas industry in Sarawak, particularly in Miri, creating more jobs and opportunities,” he added.

— BERNAMA

Source: http://www.bernama.com/bernama/v8/newsindex.php?id=1437276

Sarawak win over Petronas not certain yet

SARAWAK was quick to celebrate the Federal Court’s dismissal of Petronas’ legal challenge to obtain ownership rights over all petroleum resources in the country, even as the oil company’s lawyer cautioned that the fight was not over.

Chief Minister Abang Johari Openg said the state will now enforce all state laws regulating the oil and gas industry which includes requiring Petronas to obtain approval for its activities in Sarawak.

He said all companies, including Petronas, must by July 1 have the necessary licences, permits, leases and approvals required under either the Sarawak Oil Mining Ordinance (OMO) 1958 or the Gas Distribution Ordinance 2016.

Abang Johari, in a statement responding to the Federal Court’s decision, said it had paved the way for the state government to enforce its state laws, such as the OMO.

He also said state oil company Petroleum Sarawak Berhad (Petros) will be delegated the appropriate powers to implement the OMO.

However, Petronas’ lead counsel Malik Imtiaz Sarwar said the apex court had only ruled that the case did not come under its jurisdiction and had asked for it to be heard in the High Court instead.

Malik was reported by The Malay Mail saying that the Federal Court’s decision was on a “procedural matter” and that the issue was “still very much alive, not been decided in any way”.

The merits of the case have not been decided, he added.

In addition to seeking ownership of the country’s petroleum resources, Petronas also wants the court to declare the Sarawak OMO as overridden by the Petroleum Development Act 1974 (PDA). The OMO was drafted before Malaysia was formed.

The OMO was used by the Sarawak government to inform Petronas that the state would regulate its upstream oil and gas activities from July 1.

Abang Johari has previously said that the OMO would be amended to update its provisions, with a bill to be tabled at the state legislative assembly next month.

Malik today said the federal court’s did not make any decision on the PDA or the OMO, adding that he would wait for further instructions from Petronas before any filing at the High Court.

Bandar Kuching MP Kelvin Yii also expressed caution over any move to celebrate the Federal Court decision today.

In a Facebook post he said Sarawak had to “keep our eyes on the ball and not get ahead of ourselves”, adding that he expected Petronas to take the matter to the High Court.

“While I congratulate the legal team for their efforts and success, there is still an ambiguity in law and technically the status quo still stands.

“PDA 1974 wasn’t repealed, nor was there a ruling to say it does not apply in Sarawak. The legal argument is not about ‘ownership’ but more on regulatory powers of the upstream activities in Sarawak,” Yii said. – June 22, 2018.

Source: https://www.themalaysianinsight.com/s/56201

Sarawak govt ‘disappointed’ with decision to postpone hearing

KUCHING: The Sarawak government has expressed its “deep disappointment” with the decision by the Federal Court to postpone a hearing over the state rights on its oil and gas resources to June 21.

In a statement yesterday, the state government said it will consider all other options to protect and enforce its constitutional rights in this matter,

“The state government would not allow Petroliam Nasional Bhd (Petronas) to disrespect and disregard our rights to regulate the upstream activities under our laws such as the Oil Mining Ordinance and the Land Code,” it said.

Over the past year, Sarawak has embarked on several initiatives that would see Petroleum Sarawak Bhd (Petros) come into force from July.

An official letter from Sarawak Attorney General (AG) Datuk Talat Mahmood Abdul Rashid to Petronas president and chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin on April 13 stated that from July 1, the state government would regulate the downstream and upstream O&G industry in accordance to state laws.

On June 4, Petronas filed a suit seeking a declaration from the Federal Court that it is the exclusive owner of petroleum resources in the country, as well as the only regulator of upstream activities nationwide, including in Sarawak.

Meanwhile, the Sabah government is set to intervene in the Petronas suit seeking a declaration that it is the exclusive owner of the country’s petroleum resources.

Chief Minister Datuk Seri Mohd Shafie Apdal said that he had asked the state AG to monitor the suit against the Sarawak government that would have implications on Sabah.

Source: https://www.thestar.com.my/business/business-news/2018/06/12/sarawak-govt-disappointed-with-decision-to-postpone-hearing/

CMO denies CM issued ultimatum to Petronas

KUCHING: The Chief Minister’s Office (CMO) wishes to clarify that Chief Minister Datuk Patinggi Abang Johari Tun Openg has never issued an ultimatum to national oil company Petronas that it must obtain a prospecting license under the Sarawak Oil Mining Ordinance 1958.

“The office wishes to clarify that the Chief Minister has never issued such an ultimatum to Petronas though the onus is on Petronas to comply with the State law like any other companies with prospecting and mining interests in Sarawak.

“He has always stressed that Sarawak will work alongside Petronas through its newly-formed oil company, Petros in the oil and gas industry in Sarawak within the ambit of the law and constitution,” the Chief Minister’s Office said in a press statement today.

The Chief Minister’s Office was referring to a posting in the social media portraying Abang Johari as supposedly giving an ultimatum to Petronas that it must obtain a prospecting license under the Sarawak Oil Mining Ordinance 1958.

“The fake news is very much regretted,” the Chief Minister’s Office said.

Source: https://cm.sarawak.gov.my/modules/web/pages.php?mod=news&sub=news_view&nid=1932

Affin Hwang upgrades Petra Energy to buy as risk-reward looks favourable

KUALA LUMPUR: Affin Hwang Capital Research says the risk-reward is looking favourable for Petra Energy and upgraded its rating to buy with a higher 12-month target price of 59 sen.

Accoding to the research house, Petronas has been issuing more contract awards and work orders while Petra Energy has also seen higher work orders for hook-up, construction and commissioning (HuCC) contract to the value of RM150mil.

Meanwhile, the maintanence, construction and modifgication contract with Petronas is also picking up momentum in terms of mor work programmes amounting to RM50mil by our estimates. 

“PENB has recently completed the production enhancement programme and is in the midst of
doing some commissioning work. Based on a back-of-envelope calculation, this will increase targeted production to approximately 5,500–5,800 barrels per day (from 4,500 barrels). 

“We are also positive that the KBM risk service contract (RSC), which is due to expire by mid-2020, stands a good chance of being extended, on the current high oil price and good production track record.”

Affin Hwang also believes that Petra Energy stands a good chance of wiinning a rebid for the HuCC contract for another five years, with a total outstanding orderbook current at RM1.6bil.

With regrds to operating in Sarawak, the research house said it understands that service providers like Petra Energy are still waiting for Petros to award licences although it should not have a problem in getting the licence.

Source: https://www.thestar.com.my/business/business-news/2018/07/05/affin-hwang-upgrades-petra-energy-to-buy-as-risk-reward-looks-favourable/

Petros untuk runding royalti lebih tinggi

KUCHING: Penubuhan Petroleum Sarawak (Petros) yang dijangka beroperasi awal tahun depan adalah antara inisiatif kerajaan negeri untuk meneroka ruang bagi memperoleh lebih banyak royalti daripada hasil minyak dan gasnya.

Ketua Menteri, Datuk Amar Abang Johari Abang Openg, berkata rundingan royalti minyak dan gas sebanyak 20 peratus masih belum selesai berikutan ketidaktentuan ekonomi, selain harga minyak yang tidak stabil.

“Justeru, minggu hadapan saya akan menamakan lima Ahli Lembaga Pengarah Petros dan mereka ini akan bermesyuarat untuk memilih Ketua Pegawai Eksekutif (CEO).

“Bagaimanapun, masih di peringkat awal untuk memperincikan peranan sebenar Petros, …ia akan diperjelaskan bila tiba masanya,” katanya.

Beliau berkata demikian selepas menyaksikan Majlis memeterai Memorandum Persefahaman (MoU) antara PETRONAS dan Perbadanan Urusan Kejuruteraan dan Limbungan Brooke, di sini.

MoU berkenaan bagi membangunkan semula pelantar minyak Fasa 3 Bokor yang berada 45 kilometer barat laut Lutong Miri, yang bernilai RM480 juta.

Dalam majlis itu, PETRONAS diwakili Naib Presiden Pengeluaran, Pembangunan dan Aset Malaysia, Mohd Jukris Wahab, manakala Perbadanan Urusan Kejuruteraan dan Limbungan Brooke, diwakili Pengurus Besar, Norhizan Sazali.

Turut hadir, Menteri Muda Pengangkutan Sarawak, Datuk Dr Jerip Susil; Presiden dan CEO Kumpulan PETRONAS, Datuk Wan Zulkiflee Wan Ariffin.

Mengulas lanjut, beliau berkata, berkata kerajaan negeri memahami peranan PETRONAS sebagai ‘jurubank’ kepada kerajaan Persekutuan, namun syarikat minyak negara itu juga perlu memastikan hak Sarawak turut diberikan secara adil.

Source: https://www.bharian.com.my/bisnes/pasaran/2017/08/314123/petros-untuk-runding-royalti-lebih-tinggi

Bursa Malaysia well supported by fundamentals

KUALA LUMPUR: Maybank Investment Bank said Bursa Malaysia is well supported by sound domestic fundamentals despite the recent sell down stoked by the Dow Jones’s correction.

The investment bank said in a 1H 2018 Market Outlook session that it expects fiscal stimulus pre-GE14 and Bank Negara’s overnight policy rate (OPR) hike to be the two main thematics driving investment 

For the longer term play, it said the focus is on multi-year orderbook replenishment in infrastructure construction, tourism and Look East Malaysia.

It added that sectors that over “overweight” for 2018 are automotive, and oil and gas.

Fiscal stimulus in the lead up to the general election will be those in the consumer sector as boosts to disposal income is expected to continue and will be front laded in 1H2018. 

The OPR will benefit banks, while Maybank IB believes proven contractors will have the highest potential of winning jobs for the upcoming megaworks.

Among those the bank highlighted were Gamuda, IJM Corp, Sunway Construction and Cahya Mata Sarawak.

Meanwhile, the tourism theme is driven by an increase in higher quality/spend tourists and Visit Malaysia 2020. It noted the increase in tourist arrivals in two previous Visit Malaysia years.

“In 2007 and 2014, tourist arrivals surged +19% YOY and +7% YOY respectively, while tourism receipts grew +27% YoY, and +10% YOY respectively.”

Major construction activities are expected to lift economic activities for the Look East Malaysia theme. 

“For Sarawak, the Development Bank of Sarawak and PETROS (Petroleum Sarawak Bhd) and for Sabah, the Sabah International Petroleum Sdn Bhd are also catalysts. 

“Long term potential beneficiaries of this thematic are Cahya Mata Sarawak, Hock Seng Lee and KKB Engineering, Bintulu Port, Suria Capital and IJM Corporation,” said Maybank IB.

It added that its top picks for the year are IOI Corp, Hong Leong Financial Group, Gamuda, Yinson , Genting Berhad, Cahya Mata Sarawak, Bermaz Auto , YTL Hospitality REIT .

Geopoliticals risks, and financial imbalances and instability were highlighted by the bank as two key market risks that could detail sentiment. 

While volaitiy in the market will continue leading up to the GE14, the market will return to being driven by fundamentals, which are well supported by GDP and corporate growth expectations. 

Source: https://www.thestar.com.my/business/business-news/2018/02/13/bursa-malaysia-well-supported-by-fundamentals/

Sarawak spells out rules on O&G ops and activities

State to assume full regulatory authority by July

KUCHING: Sarawak will assume full regulatory authority over the upstream and downstream operations and activities of the oil and gas (O&G) industry by July this year.

Chief Minister Datuk Patinggi Abang Johari Tun Openg said all companies or persons involved in the O&G industry must henceforth have the necessary licences, leases and approvals required either under the Sarawak Oil Mining Ordinance 1958 or Sarawak Gas Distribution Ordinance 2016.

“In other words, their operations and activities are required to comply with all state laws, including those related to the use and occupation of land,” he added when launching state-owned Petroleum Sarawak Bhd (Petros) here on Tuesday night.

However, Abang Johari said the enforcement of state laws would not jeopardise the interests or investments of national oil company Petroliam Nasional Bhd (Petronas) and other companies already involved in the state’s O&G industry.

Sarawak has got back control over the exploitation of O&G resources, one of the key issues and part of the ongoing broader talks on the devolution of power between the state and federal governments.

He said Prime Minister Datuk Seri Najib Tun Razak agreed to return to Sarawak power that had been inadventently eroded over the years.

“Sarawak has the constitutional rights to issue prospecting licences and mining leases under Item 2(c) of the State List in the Federal Constitution’s Ninth Schedule.

“The federal government’s rights to develop mineral resources under Item 8(j) of the Federal List in the Ninth Schedule is subject to Item 2(c) of the State List.”

According to Abang Johari, the Sarawak Oil Mining Ordinance 1958 was never repealed by emergency laws when the 1969 Proclamation of Emergency was in force and annulled in 2011.

He said the state cabinet had approved a bill to amend the Sarawak Oil Mining Ordinance 1958 to update the provisions and provide for better enforcement in the next session of the state legislative assembly in July.

The Gas Distribution Ordinance 2016 will come into force on July 1 this year.

Meanwhile, Abang Johari said Petros would spearhead Sarawak’s participation in the strategic O&G industry to boost state development. Petros will be granted the rights to mine O&G in the state.

He also announced the appointment of Saau Kakok, a Bidayuh, with 40 years experience in the O&G industry, as Petros’ chief executive officer.

“Petros is fortunate to gain from Kakok’s experience, talent and vision. I am confident that Kakok is the right person to lead Petros into the future,” Abang Johari said.

It was earlier reported that some 40 candidates were eyeing for the Petros CEO post.

Kakok, 64, joined New York City-based exploration and production company Hess Corp as vice-president of global new business development in 2011.

He has served as a director in Hess Malaysia and Thailand Ltd, Hess Oil & Gas Sdn Bhd and Hess (Indonesia-South Sesulu) Ltd.

Kakok was Shell EP International Ltd’s vice-president from 2007 to 2009.

Petros chairman Tan Sri Hamid Bugo said Kakok would take up his appointment next month.

Bugo said Petros planned to have all essential staff recruited and to commence operations by the end of the year.

Source: https://www.thestar.com.my/business/business-news/2018/03/08/sarawak-spells-out-rules-on-og-ops-and-activities/

Dayak party questions racial makeup of Petros board

Parti Bansa Dayak Sarawak Baru says it is disappointed that none of its members, who have vast experience in the oil and gas industry, sit on Petros’ board of directors.

PETALING JAYA: Parti Bansa Dayak Sarawak Baru (PBDSB) is questioning the racial makeup of the board of directors of the newly formed oil and gas company Petroleum Sarawak Berhad or Petros.

The party said there were many highly qualified Iban and Bidayuh holding various prominent positions in Sarawak Shell Berhad, and Petronas, reported the Borneo Post Online.

“The exclusion of Iban or Bidayuh representatives on the Petros’ board of directors is one of many classic examples of lack of political manoeuvring by our Iban and Bidayuh leaders,” it said in the statement yesterday.

“Foreign petroleum organisations have acknowledged the capabilities of the two communities in the industry.”

PBDSB said it was greatly disappointed that none of its prominent members, who have vast experience in the oil and gas industry, sit on Petros’ board of directors.

Yesterday, the Sarawak Chief Minister’s Office announced the appointment of Hamid Bugo as chairman of Petros.

It said the other board members appointed were Mohammad Medan Abdullah, Sharbini Suhaili, Zuraimi Sabki and Heng Hock Cheng.

Hamid is a former state secretary who served with Malaysia LNG Sdn Bhd in Bintulu.

Chief Minister Abang Johari Openg announced the formation of Petros, a wholly state-owned company, on Aug 6.

He said then that its board members would comprise Sarawakian professionals within the industry.

He added that there would be no politicians on the board, and that only those with substantial experience in the oil and gas industry would be chosen to serve in it.

Petros is currently searching for a candidate for chief executive officer and other key management positions to enable it to be operational by the first quarter of 2018.

The Chief Minister’s Office said the primary objective of setting up Petros was to enable Sarawak to participate in upstream oil and gas development, particularly in the exploration and extraction of oil and gas within Sarawak’s waters.

The initiative is also in line with Sarawak’s goal to create better job opportunities for local talents and attract Sarawak talents that are currently serving outside the state.

Source: http://www.freemalaysiatoday.com/category/nation/2017/08/26/dayak-party-questions-racial-makeup-of-petros-board/

Sarawak agrees to non-Muslim Bumiputera for Petros board

State government relents, says it is looking for the 'right candidate' from among Iban, Bidayuh community to be on the board of state-owned oil and gas company.

PETALING JAYA: The Sarawak government has relented to pressure from non-Muslim Bumiputeras by agreeing to appoint someone from their community to the board of Petroleum Sarawak Berhad (Petros).

Deputy Chief Minister Douglas Uggah told the media in Kuching last night that he had been tasked by Sarawak Chief Minister Abang Johari Tun Openg with identifying the right candidate.

However, he did not give any timeline for when such a person would be identified.

“I was told by the CM a few hours ago to do so. He now wants a non-Muslim Bumiputera member on the board of Petros,” Douglas was quoted as saying by the Borneo Post.

He agreed that there was a need to appoint at least one non-Muslim Bumiputera board member, especially after the issue went viral on social media with many Sarawakians disappointed that the large non-Muslim Bumiputera community had been sidelined from any leadership role in the state-owned oil and gas company.

However, Douglas said he believed that it would not be easy to find the right candidate from the non-Muslim Bumiputera community to be part of the Petros board, as many criteria needed to be fulfilled.

“There are a few names being recommended but we must first make sure that the person is really qualified. We nevertheless hope to find the suitable person soon,” he was quoted as saying by the Sarawak-based daily.

On Thursday, the Sarawak CM’s Office announced the appointment of Hamid Bugo as chairman of Petros.

It said the other board members appointed were Mohammad Medan Abdullah, Sharbini Suhaili, Zuraimi Sabki and Heng Hock Cheng.

In response, on Friday, Parti Bansa Dayak Sarawak Baru (PBDSB) questioned the racial makeup of the board of directors in Petros, a wholly state-owned company.

The party said there were many highly-qualified Iban and Bidayuh holding various prominent positions in Sarawak Shell Berhad and Petronas.

“The exclusion of Iban or Bidayuh representatives on the Petros’ board of directors is one of many classic examples of lack of political manoeuvring by our Iban and Bidayuh leaders,” the party said.

“Foreign petroleum organisations have acknowledged the capabilities of the two communities in the industry.”

Abang Johari announced the formation of Petros on Aug 6.

He said then that its board members would comprise Sarawakian professionals within the industry.

He added that there would be no politicians on the board, and that only those with substantial experience in the oil and gas industry would be chosen to serve in it.

Petros is currently searching for a candidate for chief executive officer and other key management positions to enable it to be operational by the first quarter of 2018.

Dayak party questions racial makeup of Petros board

Hamid Bugo appointed chairman of Petros

Introducing Petros – Sarawak’s own oil & gas company

PKR welcomes set-up of Petros by Sarawak govt

Source: http://www.freemalaysiatoday.com/category/nation/2017/08/28/sarawak-agrees-to-non-muslim-bumiputera-for-petros-board/

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