Possible for Kuching to have piped gas in 10 years

HOMES and industries in Sarawak’s capital city, Kuching, could have piped gas within the decade, state oil firm Petroleum Sarawak Berhad (Petros) chairman Hamid Bugo said today.

He, however, said it needs “the right and skilled” labour force.

Source: https://www.themalaysianinsight.com/s/218632

Pertikaian PETRONAS, kerajaan Sarawak berterusan

KUALA LUMPUR: Kes mahkamah antara PETRONAS dan kerajaan Sarawak, yang tidak dapat diteruskan atas faktor teknikal, menimbulkan persoalan mengenai operasi minyak dan gas di negeri itu mulai bulan depan.

Hari ini, Mahkamah Persekutuan menolak permohonan PETRONAS untuk memulakan prosiding bagi mendapatkan perisytiharan berhubung kuasa mengawal selia aktiviti huluan sumber minyak di Sarawak di bawah Ordinan Perlombongan Minyak 1958 (OMO) bermula 1 Julai.

PETRONAS dalam satu kenyataan berkata, permohonannya ditolak semata-mata atas alasan teknikal dan adalah diputuskan bahawa perkara itu berada di luar bidang kuasa Mahkamah Persekutuan.

“Mahkamah Persekutuan tidak menentukan atau mengesahkan merit kedudukan undang-undang yang diambil oleh kerajaan Sarawak untuk mengawal selia aktiviti huluan petroleum di bawah Ordinan Perlombongan Minyak 1958,” menurut PETRONAS.

Oleh itu, syarikat minyak nasional berkenaan berhasrat meneruskan tindakan undang-undang bagi mencari kepastian haknya di bawah Akta Pembangunan Petroleum 1974 (PDA 1974).

Bagaimanapun, Sarawak bertegas untuk menguatkuasakan hak pengawalseliaannya di bawah OMO.

Ini menyebabkan PETRONAS perlu memiliki lesen atau pajakan yang diperlukan di bawah ordinan berkenaan bermula 1 Julai ini, yang mana jika gagal, aktiviti huluan yang dijalankan oleh PETRONAS adalah haram dan tindakan yang sewajarnya akan diambil.

PETRONAS percaya bahawa konsesi kerajaan negeri dibawah PDA 1974 digubal secara sah, sekali gus menguatkan pandangan syarikat berkenaan bahawa hanya Parlimen boleh membuat undang-undang mengenai perkara yang berkaitan dengan industri petroleum huluan termasuk kuasa pengawalseliaan di seluruh Malaysia, baik di darat dan di luar pesisir berdasarkan PDA 1974.

“Keputusan Mahkamah Persekutuan tidak akan menjejaskan keupayaan PETRONAS untuk meneruskan tindakan undang-undang, dengan niat mencari kepatian hak dan kedudukannya di bawah PDA 1974,” katanya.

Hakim Besar Malaya, Tan Sri Ahmad Maarop, berkata pengisytiharan pelepasan yang dimohon oleh PETRONAS tertakluk di bawah bidang kuasa Mahkamah Tinggi.

Beliau menolak permohonan PETRONAS untuk memulakan prosiding undang-undang terhadap kerajaan Sarawak dan mengarahkan syarikat minyak nasional itu membayar RM50,000 kepada kerajaan negeri itu.

Dari perspektif undang-undang berhubung perebutan hak antara syarikat minyak nasional dan kerajaan negeri itu, NSTP difahamkan kedua-dua pihak mempunyai hak terhadap pemilikan kawal selia.

Seorang peguam menyatakan bahawa mahkamah kini berada di antara amalan konvensional Persekutuan ke atas negeri berkaitan Petroleum, dan mengembalikan hak kerajaan Sarawak terhadap mineral itu.

Jurucakap di pejabat Ketua Menteri Sarawak berkata, negeri itu menuntut hak pengawal seliaan dalam meneroka, prospek dan aktiviti perlombongan di negeri berkenaan.

“OMO tidak pernah dimansuhkan dan masih sah, ia tidak pernah dikawal selia di bawah ordinan itu, maka ia masih diguna pakai di darat dan luar pesisir Sarawak.

‘Dengan permohonan PETRONAS dibatalkan, kami kini boleh menguatkuasakan hak kawal selia termasuk memperoleh lesen atau pajakan di bawah ordinan itu,” katanya.

Permohonan lesen perlu mengikut seperti yang ditetapkan OMO dan dihantar kepada pihak berkuasa pengurusan dan mineral negeri melalui Petroleum Sarawak Bhd (Petros).

Di bawah Kontrak Perkongsian Pengeluaran (PSC), PETRONAS membayar lima peratus dari hasil pengeluaran kasar sebagai bayaran tunai kepada kerajaan Persekutuan dan Negeri.

PETRONAS, dalam satu kenyataan kepada Bernama, berkata jika pembayaran tunai kepada negeri pengeluar dinaikkan kepada 20 peratus daripada lima peratus, ia akan menjejaskan industri.

“Kenaikan bayaran tunai juga akan mengurangkan minat pemain industri menjadikan Malaysia sebagai destinasi pelaburan minyak dan gas,” katanya.

Sementara itu, pemerhati industri, berkata keputusan yang wajar akan diputuskan kepada kedua-dua pihak sekiranya mereka berjaya menyelesaikan perkara itu di luar mahkamah.

“Untuk pelabur (domestik dan asing), PETRONAS dan Petros perlu dilihat bersama dalam mewujudkan kadar yang konsisten bagi menghasilkan kestabilan dan konsistensi.

“Terdapat juga persoalan sama ada Sarawak, menerusi Petris mempunyai kemahiran atau sumber untuk menguruskan dan mengambil alih serta mengawal selia aktiviti perlombongan dan minyak,” katanya.

Pemerhati berkata, adalah wajar sekiranya negara memiliki satu badan pengawal selia daripada mempunyai badan berasingan yang mengawal aktiviti kegiatan perlombongan.

Setakat ini, PETRONAS melabur lebih RM183 bilion dalam sektor huluan Sarawak menerusi PSC dengan bayaran tunai berjumlah RM33 bilion yang dijalankan sejak 1976 kepada kerajaan Sarawak.

Bilangan syarikat yang berdaftar dengan PETRONAS sebagai vendor di Sarawak juga meningkat sebanyak 54 peratus sementara kini terdapat kira-kira 5,000 profesional penduduk Sarawak yang bekerja di PETRONAS seluruh dunia.

Source: https://www.bharian.com.my/bisnes/korporat/2018/06/440603/pertikaian-petronas-kerajaan-sarawak-berterusan

Sarawak eases push for 20% oil and gas royalty

SARAWAK Housing Minister Dr Sim Kui Hian today said the state has eased on its push for a 20% increase – from the current 5% – of the oil and gas royalty.

It would instead focus on getting state petroleum company Petros, off the ground and the potential revenue it could generate.

“We are no longer talking about oil royalty,” the Sarawak United People’s Party (SUPP) president said while speaking to reporters at the party’s Chinese New Year open house in Kuching.

Echoing Chief Minister Abang Johari Openg’s earlier statement that the rights to prospect and mine for all mineral and natural resources in Sarawak, including oil and gas, are rights of the state as spelt out in the federal constitution, Dr Sim also reiterated “all the oil (and gas in the state) belongs to Sarawak”.

“What is ours, is ours. Its in the constitution,” he said in reference to the chief minister’s statement in a live interview over TV1 on Tuesday.

Abang Johari, in explaining why Petronas must obtain a prospecting license if it were to operate in the state, said while the federal constitution stipulates that the development of mineral resources falls under federal purview, it is however subject to item 2(c) of the state list when it comes to Sarawak.

According to item 2(c), permits and licences for prospecting for mines, mining leases and certificates are state matters.

The needs for the state permits and certificates are under the Sarawak Oil Mining Ordinance 1958.

“This means the state has the power to prospect and mine for oil and gas in the state just like Petronas,” the chief minister said.

“If Petronas wants to prospect for oil and gas in the state, they are subject to item 2(c) of the federal constitution and the licence must be issued by the state.

“I (only) work within the perimeters of the law and the federal constitution is supreme law.”

In his Chinese New Year message, the chief minister made it clear Petros will not “just be another production sharing contract company (PSC) but one that will operate alongside Petronas and play an active part in the downstream activities of the oil and gas industry in Sarawak”.

Abang Johari said Petros be an active player in the oil and gas industry alongside Petronas within two years.

With the prospect of a higher revenue Petros could potentially generate from newly discovered gas fields and re-exploiting old oil fields with new technologies, Dr Sim took a swipe at Harapan’s New Deal manifesto for Sarawak and Sabah and the promise to give Sarawak and Sarawak the 20% royalty as demanded.

“They (Harapan) only want to give us 20%. DAP wants to kongsi (share) Sarawak’s resources.

“Petros is just a beginning. The best is yet to come,” the cardiologist turned politician said. – February 16, 2018.

Source: https://www.themalaysianinsight.com/s/38221

Abang Johari welcomes another ‘Chinese tsunami’

KUCHING: A “Chinese tsunami” supporting the ruling Barisan Nasional government in Sarawak in GE14 will strengthen the state’s pursuit to reclaim its rights and will demand Putrajaya’s attention.

Chief Minister Datuk Patinggi Abang Johari Tun Openg (pic) said there are big plans to spur development and economic growth in the state, and strong support from all Sarawakians – especially the Chinese community – is needed.

Sarawak Barisan won 25 out of the 31 parliamentary seats in the state in GE13, but Abang Johari is targeting at least 28 constituencies in GE14.

This would involve wresting Chinese-majority seats it lost such as Stampin, Bandar Kuching, Sarikei, Sibu and Lanang and Miri.

“We must have stronger representation in Parliament to fight for Sarawak rights,” Abang Johari said at the Sejiwa Senada programme at Batu Kawah here on Saturday.

The programme in Kuching is the fifth leg of the event after Miri, Saratok, Meradong and Sibuti. Next week, the Sejiwa Senada programme will be held in Lubok Antu. 

Sejiwa Senada is a free programme will give the public the opportunity to get services, information, and advice from government agencies, government-linked companies, NGOs and the private sector.

 
Abang Johari’s administration has lined up an agenda to transform the state economy. The state has embarked on building high-speed Internet facilities across the state as well as the Pan Borneo Highway project.

“Our new development approach is to embrace technology in all sectors, including agriculture.

He said modern farming methods would strengthen the rural economy, and create a diversity of agricultural products aimed at the global market,” he said.

Abang Johari also said that with the setting-up of Petroleum Sarawak Bhd (Petros), oil and gas royalties would be safeguarded working alongside Petronas.

He said that the additional revenue could support development of other projects such as a RM11bil LRT system across Kuching-Samaahan-Serian divisions, as well as a water grid project throughout the state.

“I promise to source more funds for Sarawak and we will assert our rights under MA63 (Malaysia Agreement 1963).

“We have to look into the future if we want to become a developed state by 2030,” Abang Johari said.

Abang Johari also mentioned plans to set up Sarawak’s very own television station in the future.

Source: https://www.thestar.com.my/news/nation/2018/05/05/abang-johari-welcomes-another-chinese-tsunami/

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/

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