MIRI: Sarawak must take bold moves if it wants to achieve its development agenda, even if they are radically new in nature.
The state government’s decision to set up its own petroleum company – Petros – is among the bold moves that had to be taken, said Chief Minister Datuk Amar Abang Johari Openg.
Speaking at an oil and gas seminar in Miri organised by the Sarawak Bumiputra Chamber of Commerce, he said Petros was formed two years ago to manage the oil and gas resources of Sarawak.
“Sarawak has the right to administer our oil and gas resources.
“Petros was set up to utilise oil and gas resources to propel the social and economic growth of Sarawak.
“Petros is working closely with Petronas and Shell in this area.
“Petronas and Shell are the experienced players with the technology and knowledge in the oil and gas sectors.
“Even though the global demand for fossil fuel has declined due to the surge in green energy concept, fossil fuel still has its uses,” he said.
Johari said Sarawak still has plenty of oil and gas reserves.
There is thus a need to manage these natural resources well so that they are sustainable in the long run, he added.
Johari said the state government has set ambitious goals in the energy sector.
“We also want to develop green energy through hydro resources and from biomass.
“To achieve these ambitious goals, we are going big in the information technology sector, energy generation, transportation and services.
“These new initiatives require us to be bold in our investment strategies,” he said.
He urged locals to be equipped with the required technology in the energy sectors to benefit from the global demands.
Some 20 oil and gas companies took part in the two-day event held in a hotel in Miri.