PETROS tak gugat kedudukan PETRONAS

KUALA LUMPUR: PETRONAS menegaskan kehadiran syarikat minyak dan gas baharu milik kerajaan negeri Sarawak, Petroleum Sarawak (PETROS), tidak akan menjejaskan kedudukan dan haknya sebagai pemilik serta penyelia sumber minyak dan gas (O&G) Malaysia seperti termaktub di bawah Akta Pembangunan Petroleum.

Presiden dan Ketua Pegawai Eksekutif Kumpulan, Datuk Wan Zulkiflee Wan Ariffin, berkata pihaknya sentiasa mengalu-alukan langkah kerajaan negeri atau mana-mana entiti milik kerajaan negeri menyertai sektor itu.

Katanya, penyertaan itu perlulah mengikut undang-undang dan mekanisme yang sudah ditetapkan bagi menjamin pembangunan sumber minyak dan gas di negara ini.

“Kami mempunyai hubungan rapat dengan kerajaan negeri (Sarawak), justeru kami sokong aspirasi mereka untuk terbabit secara aktif dalam sektor O&G di negara itu. Bahkan kami akan terus bekerjasama untuk kebaikan bersama.

“Mungkin, kerjasama kami dengan Petros akan sama seperti mana-mana kerjasama PETRONAS sebelum ini sama ada sebagai penyedia perkhidmatan atau rakan pelaburan kontrak perkongsian pengeluaran (PSC).

“Perkara ini masih dibincangkan dengan kerajaan negeri (Sarawak) dan ia memerlukan kedua-dua pihak untuk dilaksanakan,” katanya.

Mengenai sama ada beliau mengetahui permohonan royalti 20 peratus oleh PETROS, beliau berkata, PETRONAS tidak menerima permintaan berkaitan perkara itu daripada entiti baharu itu yang masih belum memiliki ketua eksekutif serta ahli lembaga pengarah.

“Berhubung isu 20 peratus royalti minyak ini, saya percaya semua pihak yang terbabit sangat memahami ia adalah satu urusan sukar.

“Untuk melakukannya di luar daripada kedudukan kita sekarang adalah terlalu sukar kerana terdapat banyak implikasi komersial yang tidak akan diingini semua pihak,” katanya.

Source: https://www.bharian.com.my/bisnes/korporat/2017/08/317523/petros-tak-gugat-kedudukan-petronas

Hamid Bugo appointed chairman of Petros

Hamid, a former state secretary, had also served with Malaysia LNG Sdn Bhd.

PETALING JAYA: The Sarawak Chief Minister’s Office has announced the appointment of Hamid Bugo as chairman of the newly formed oil and gas company Petroleum Sarawak Berhad (Petros).

In a statement today, 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 had 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 the upstream of 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/2017/08/25/hamid-bugo-appointed-chairman-of-petros/

Discussion over London documents

State BN component parties to meet on declassified documents on formation of Malaysia before meeting PM

(From left) Azman, Abang Johari and Abang Abdul Karim at the press conference. — Photo by Muhammad Rais Sanusi

KUCHING: A discussion will be held among state Barisan Nasional (BN) component parties on declassified documents found recently by the Sarawak legal team in London before the matter is brought to Putrajaya for further discussions concerning the state’s autonomy.

Chief Minister Datuk Amar Abang Johari Tun Openg said at the moment, the state government did not “necessarily have to go directly to the Prime Minister”.

“We have to discuss among ourselves first together with our BN component parties and see what is the direction we have to take.

“After that, then I will discuss with Prime Minister Datuk Seri Najib Tun Razak because this issue is very delicate and we must build up the rapport,” he told a press conference after officiating the Business Excellence Seminar & Forum 2017 at the Borneo Convention Centre Kuching (BCCK) here yesterday.

He described Najib as a “very open” person who had always welcomed discussions with the state on issues pertaining to the state’s autonomy.

“That is one thing we must appreciate him for. So once we have all the facts, he will look into them.

“He has also previously said ‘What is right for Sarawak is for Sarawak and we will give back’. That is what he told us,” assured Abang Johari, who was asked to comment on when he would be meeting Najib to discuss this contentious issue following the discovery of new and substantive documents concerning Sarawak and the formation of Malaysia by the state legal team in London last month.

Asked if there were plans for another trip to London to retrieve more documents from the British National Archives as mentioned by Assistant Minister of Law, State-Federal Relations and Project Monitoring Sharifah Hasidah Sayeed Aman Ghazali, the state legal team leader, in her statement previously, Abang Johari deemed it unnecessary.

“Not necessarily (should there be) another trip because we have already established our relationship with the Commonwealth Library and Archive at Marlborough House in London.”

He also noted that the state legal team had brought back with them documents pertaining to the formation of Malaysia such as British Government Cabinet Papers relating to the Cobbold Commission’s report and its views on granting Sarawak independence through the formation of the new Federation of Malaysia and more.

“There are some things that are new to us. That’s why we cannot depend on what the opposition said by asking us to just look for more information on the Internet.

“We are smarter than the opposition,” he quipped.

On the announcement of board members for the state’s newly formed oil and gas company Petros, Abang Johari reminded members of the media present that he had previously promised that he would unveil the names within a week.

“I promised you within one week…today (yesterday) is only Wednesday,” he chortled.

When pressed if Bintulu Port Holdings Berhad chief executive officer (CEO) Datuk Mohammad Medan Abdullah would be one of the possible board members, he did not confirm nor deny this speculation.

“I don’t know…you just wait,” he replied.

Then when asked if Performance Management and Delivery Unit (Pemandu) president and CEO Datuk Seri Idris Jala would be among the board members, Abang Johari said the former Minister in the Prime Minister’s Department had already stated that he would not be involved as he was busy with Pemandu.

“I have already given the hints before and there will be five members of board of directors initially and they are all Sarawakians who have experience in the oil and gas industry,” he reiterated.

Also present at the press conference were Malaysia Productivity Corporation (MPC) chairman Tan Sri Azman Hashim and MPC board of directors member Datuk Abang Abdul Karim Tun Openg.

Source: http://www.cm.sarawak.gov.my/modules/web/pages.php?mod=news&sub=news_view&nid=1610

CM: Plan needed to leapfrog to Industry 4.0

Abang Johari (third right) presenting the Productivity Champion Certificate to Abang Abdul Karim, witnessed by (from left) Tengku Azmi, Abdul Rahim, Azman and Sabariah. — Photos by Muhammad Rais Sanusi

KUCHING: The state must take the initiative to come up with a strategic plan to improve its industrial level towards the fourth industrial revolution otherwise known as Industry 4.0, said Chief Minister Datuk Amar Abang Johari Tun Openg.

According to him, Sarawak has yet to fully achieve the second industrial revolution (Industry 2.0) which revolves around mechanisation.

“We are not even in Industry 2.0 as not all our sectors are fully mechanised. That is why I have come up with various initiatives (Development Bank of Sarawak, Petros, digital economy, etc.) to create an awareness among people on the plans undertaken by the state government since I took over as the chief minister,” he told a press conference after officiating at the Business Excellence Seminar & Forum 2017 at the Borneo Convention Centre Kuching (BCCK) here yesterday.

He acknowledged that there were those who had queried his intentions of leapfrogging to Industry 4.0, skipping Industry 3.0 which leveraged electrical mechanisation with the power of computers.

“Whether we can do it or not, that is why we need to have a strategic plan for us to leapfrog to Industry 4.0 and the key to this is good connectivity and good IT infrastructure.

“All these initiatives that I have taken is to stimulate our economic growth and at the same time to stimulate the young talents. We have a lot of talented Sarawakians overseas and hope to bring them back so their talent can be applied within the Industry 4.0 ecosystem,” he explained.

Earlier in his speech, Abang Johari touched on several of his initiatives including the Digital Village in Samajaya which the state government has allocated RM20 million for its development.

“We are going to set up our digital satellite incubator that will be connected to our Digital Village and the Internet speed there will be at least 150Mb for each incubator.”

On the forum organised by the Malaysia Productivity Corporation (MPC) and Ministry of International Trade and Industry, Abang Johari said it provided a platform for experts from a multitude of organisations to share their insights and experiences on their journey towards business excellence.

“I appreciate that this forum is one of the strategies used by MPC to facilitate dialogue and knowledge sharing on business excellence in order to augment productivity growth both at state and national levels.”

Also present during the ceremony were Deputy State Secretary Datu Dr Sabariah Putit, MPC chairman Tan Sri Azman Hashim, MPC board of director member Datuk Abang Abdul Karim Tun Openg, MPC deputy director general Abdul Rahim Yusoff and MPC Sarawak Region director Tengku Azmi Tengku Majid.

Source: http://www.cm.sarawak.gov.my/modules/web/pages.php?mod=news&sub=news_view&nid=1609

Idris Jala not in Petros board, but Medan is

CEO of Pemandu Associates confirms he has not been approached to sit on the board of Petroleum Sarawak, but CEO of Bintulu Port Holdings Medan Abdullah is said to be in.

KUCHING: Idris Jala, the chief executive officer of Pemandu Associates, has not been approached to sit on the five-member board of newly-formed Petroleum Sarawak (Petros).

The Borneo Post reported that he had replied in the negative when asked by newsmen whether he had been approached to be on the board.

He said this at the launch of the International Conference on Agriculture and Agro-based Industry Sarawak 2017 at the Borneo Convention Centre Kuching yesterday.

The Borneo Post had earlier speculated that Idris and chief executive officer of Bintulu Port Holdings Bhd, Mohammad Medan Abdullah were among the possible professionals who might sit on the board of Petros.

The report said a reliable source had since revealed that Medan had indeed been picked.

Medan had earlier worked for more than 30 years with Petronas, including as head of Petronas’ group corporate affairs division and a member of its management committee.

The other names mentioned by the Borneo Post included Heng Hock Cheng, Wee Yiaw Hin, Isaac Lugun, State Secretary Amar Mohamad Morshidi Abdul Ghani and Anthony @ Firdauz Bujang.

Meanwhile, the Borneo Post quoted academic Karambir Singh as suggesting that Miri be made the headquarters of Petros.

“Considering that the oil and gas industry has been in Miri for more than a century, it is highly convincing that a lot of Mirians have good knowledge and experience in the industry. This factor alone will ensure that Petros will have very good, experienced and knowledgeable people, if it is based here,” he told the Borneo Post.

Karambir, who worked in the oil and gas industry before becoming a lecturer in business and management, said Petros would have the advantage of proximity to actual oil and gas activities if it were to be based in Miri.

“Miri is strategically located, nearer to the offshore fields. Bintulu is just two and half hours’ drive away from here, whilst Labuan is just an hour (by) flight away from here,” he said.

 

Source: http://www.freemalaysiatoday.com/category/nation/2017/08/22/idris-jala-not-in-petros-board-but-medan-is/

CM: Petros board members to be announced next week

Abang Johari moves to press a button to officiate at the event. He is flanked by Abang Karim (right) and Dr Jerip, while Wan Zulkiflee is at second left. — Photo by Chimon Upon

KUCHING: The board members of Sarawak’s wholly-owned oil and gas (O&G) company Petros will be announced next week.

Chief Minister Datuk Amar Abang Johari Tun Openg said the company is in the midst of forming its board of directors.

“There will be five people in the board. I will give you a full list of board members within a week. Just like I have promised you, I will name the CEO of the Development Bank of Sarawak (DBOS), so I will give you the list of Petros board members,” he told a press conference after witnessing a contract signing between Brooke Dockyard and Petronas Carigali Sdn Bhd for the Anjung Facilities and Bokor Phase 3 Re-development Wellhead Platform projects here yesterday.

“I will give bit by bit because there are a lot of things to be considered. It’s still premature for me to disclose anything at the moment. Like I have said, we are still forming our board, and after that we leave it to the board members on how to run Petros.”

Abang Johari said Petros would enable Sarawakians to participate more in both upstream and downstream O&G. He said Petros is looking into both water and land exploration, and would work closely with Petronas in both areas.

“Based on our studies with Petronas, apparently a lot of concessions have been given to our partner, Petronas, in the areas they explore including onshore,” he said.

For onshore exploration, he said the state is still exploring whether there are oil reserves or not, the volume and feasibility, mostly in the northern region such as in Baram and Limbang.

“However, we do not know the volume of the oil reserve there,” he said.

In his speech, Abang Johari said Sarawak celebrates its 107th year of participation in O&G this year. He said he would work with Prime Minister Datuk Seri Najib Tun Razak and Petronas to get the maximum benefit from the state’s oil resources.

“Of course, we will try to get what is rightfully ours. And I will explore other ways for us to get maximum benefits from our oil and gas. In three to five years, there will be a lot of activities in oil and gas. This I can tell you but it’s still premature for me to reveal to you now,” he said.

Among those present were Assistant Minister of Transportation Datuk Dr Jerip Susil, Petronas president and group chief executive officer Datuk Wan Zulkiflee Wan Ariffin, and Brooke Dockyard chairman Datuk Abang Abdul Karim Tun Openg.

Source: http://www.cm.sarawak.gov.my/modules/web/pages.php?mod=news&sub=news_view&nid=1601

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

Who will be first 5 to sit on Sarawak’s new oil and gas company’s board?

Speculation is rife in Sarawak over who will be appointed as members of the board of Petros, following an announcement that five Sarawakians will be selected.

KUCHING: Now that Sarawak Chief Minister Abang Johari Openg has announced there will be five members of the board of the newly-formed Petroleum Sarawak Sdn Bhd (Petros), Sarawak’s own oil and gas company, speculation is rife over who the five will be.

All Abang Johari would say, for the moment, is that the five-member Petros board would comprise Sarawakians who have served in the oil and gas industry at one time or another, and that none of them would be a politician.

The Borneo Post has come up with a list of possible candidates, based on what Abang Johari said, and after talking to oil and gas industry players.

They are: CEO of Bintulu Port Holdings Bhd Mohammad Medan Abdullah, Pemandu Associate Sdn Bhd CEO Idris Jala, retired managing director of Shell Gas and Power Malaysia Heng Hock Cheng, Cagamas non-executive director Wee Yiaw Hin, Cahya Mata Sarawak Bhd group chief corporate officer Isaac Lugun, State Secretary Mohamad Morshidi Abdul Ghani, and Petra Energy Bhd executive director and CEO Anthony @ Firdauz Bujang.

Medan has more than 30 years experience working in the oil and gas industry, having served in various positions, including as managing director and CEO of Malaysia LNG Group of Companies between 2007 and 2010.

Idris Jala spent 23 years in Shell, rising up the ranks to hold senior positions, including as vice president of Shell Retail International and Business Development Consultancy based in the United Kingdom.

Heng retired from Shell in October 2006 after working 34 years in the industry, including as technical director of Sarawak Shell Berhad and chairman of Shell China based in Beijing, according to The Borneo Post.

Wee was attached to Shell for over 21 years in Malaysia and overseas, and served as managing director of Shell Malaysia exploration and production companies. He joined Petronas as executive vice president and CEO of upstream business in May 2010.

Isaac Lugun worked for eight years in various senior positions in the legal department of Petronas.

Mohamad Morshidi served as the management executive of Petronas from 1980 to 1988 and has been a Petronas director since Nov 1, 2016.

Anthony Bujang has held various positions in Sarawak Shell Berhad such as secretary and adviser to the major tenders board and head of general contracts and strategy, planning and procurement for Shell Gabon, Republic of Gabon, in West Africa.

The report also mentioned several other names as possibilities, including Ruslan Abdul Ghani, a senior general manager with Petronas and Janin Girie, the country chairman at Petronas Carigali Nile Ltd South Sudan.

Source: http://www.freemalaysiatoday.com/category/nation/2017/08/11/who-will-be-first-5-to-sit-on-sarawaks-new-oil-and-gas-company/

Who are the pioneering 5?

(From left) Datuk Seri Idris Jala; Dato Mohammad Medan Abdullah; Dato Isaac Lugun; Datuk Wee Yiaw Hin

KUCHING: Chief Minister Datuk Amar Abang Johari Tun Openg announced  on Tuesday morning members of the board of the newly-formed Petroleum Sarawak Sdn Bhd (Petros), Sarawak’s own oil and gas company, which would comprise five Sarawakians who were previously with Petronas and Shell.

Later in the afternoon he met the MA63 research team to London among whom is  a lawyer who has served in various key positions in Petronas, Dato Mohammad Medan Abdullah, CEO of Bintulu Port Holdings Bhd.

Taking the cue from Abang Johari’s statement that the five-member Petros board would comprise Sarawakians who have served in the oil and gas industry one time or another, The Borneo Post made an educated guess that with his credentials, Medan would be one of the ‘Pioneering Five’.

Speaking to The Borneo Post Adventure Team (BAT) in Bintulu in June, Medan said he had a ‘considerably lengthy’ meeting with the chief minister. Asked what he thought of setting up Sarawak’s own oil and gas company he confidently replied: ‘It’s good for Sarawak’.

There was excitement in the air during the conversation with BAT sensing that good things would be happening to Sarawak in the oil and gas sector.

Who is Medan?

He has more than 30 years experience working in the oil and gas industry value chain under his belt – from upstream to midstream, downstream and marketing and trading.

In his own words during the BAT interview: “I was then the managing director and CEO of Malaysia LNG Group of Companies (2007-2010), contributing significantly to national and state economy to the tune of more than four per cent of the Malaysian GDP and 40 per cent of the gross exports from Sarawak.”

Probing deeper, The Borneo Post talked to several industry players about the composition of the board and the names of a few prominent figures who had worked with Shell and Petronas, cropped up as possible candidates.

Performance Management and Delivery Unit (Pemandu) CEO Datuk Seri Idris Jala is a possible board member. He has spent 23 years in Shell, rising up the ranks to hold senior positions, including as vice president of Shell Retail International and Business Development Consultancy based in the United Kingdom.

The other name bandied about was Heng Hock Cheng, who was the managing director of Shell Gas and Power Malaysia. He retired from Shell in October 2006 after working 34 years in the upstream, downstream and gas and power divisions.

He served in various Shell entities in Malaysia, UK, Holland and China, holding, among others, the positions of manufacturing superintendent of Lutong Refinery, engineering manager, technical director of Sarawak Shell Berhad – Sabah Shell Petroleum Co Ltd and chairman of Shell China based in Beijing.

Cagamas non-executive director Datuk Wee Yiaw Hin’s name was also mentioned. He was attached to Shell for over 21 years in Malaysia and overseas, including the United Kingdom and South Africa where his last position was vice president (Malaysia) for Upstream International Asia and managing director of Shell Malaysia Exploration and Production Companies.

Wee joined Petronas as executive vice president and CEO of Upstream Business in May 2010. He was a member of the company’s board of directors (at the group level) and the executive committee, and chaired/sat on the boards of several companies.

Cahya Mata Sarawak Bhd group chief corporate officer Dato Isaac Lugun was also speculated to be a Petros board member. Holding a Bachelor of Law (LLB) degree from the University of Malaya in 1981, he worked for eight years in various senior positions in Legal Department of Petronas, including senior management role at Asean Bintulu Fertilizer Sdn Bhd, a joint venture of the then five Asean countries.

Another name mentioned was that of State Secretary Tan Sri Datuk Amar Mohamad Morshidi Abdul Ghani who served as the management executive of Petronas from 1980 to 1988 and has been a Petronas director since Nov 1, 2016.

Also mentioned was the name of Petra Energy Bhd executive director and CEO Datuk Anthony @ Firdauz Bujang. He held various positions in Sarawak Shell Berhad such as secretary and adviser to the Major Tenders Board and head of General Contracts and Strategy, Planning and Procurement for Shell Gabon, Republic of Gabon, West Africa.

One other prominent figure whose name cropped was State Legislative Assembly deputy speaker Dato Gerawat Gala. He was formerly general manager for Corporate Services of Sarawak Shell Berhad, Sabah Shell Petroleum Co Ltd and Shell Sabah Selatan Sdn Bhd and was also general counsel for Shell Malaysia group of companies.

He later became a board member and company secretary of Sarawak Shell Berhad, Sabah Shell Petroleum Co Ltd, Shell Sabah Selatan Sdn Bhd and a few other downstream Shell companies.

Gerawat was formerly company secretary for Shell Refining Company Berhad and member of the country’s management team for Shell Malaysia group of companies.

However, since Abang Johari has said none of the board members are politicians, it is unlikely Gerawat would be appointed to the Petros board.

Other outstanding Sarawakians who are still serving in Petronas include Ruslan Abdul Ghani senior general manager, productions and operations manager, Malaysia Petroleum management, Petronas and Janin Girie country chairman at Petronas Carigali Nile Ltd South Sudan.

Observers believe Petros’ priority now should be to appoint a CEO and chairman capable of bringing forward Sarawak’s agenda in the oil and gas industry.

Here is a quote borrowed from the wisdom of a legal mind: ‘The key will be who is the CEO and chairman. A wrong choice could cause Petros to go sideways instead of forward. Of course, the board collectively needs to drive the agenda’.

Source: http://www.cm.sarawak.gov.my/modules/web/pages.php?mod=news&sub=news_view&nid=1588

Petros board formed, members all Sarawakians

Abang Johari (second left) accompanied by Unimas Vice Chancellor Professor Dato Dr Mohamad Kadim Suaidi (left), Minister in the Chief Minister’s Office (Integrity and Ombudman) Datuk Talib Zulpilip (on Abang Johari’s left) and others, tours the book exhibition area after opening the International Conference on Language Studies. — Photo by Muhd Rais Sanusi

KUCHING: The board of the newly formed Petros, Sarawak’s own oil and gas company, is made up of five Sarawakians who have retired from Petronas and Shell.

Chief Minister Datuk Amar Abang Johari Tun Openg highlighted this yesterday as he brushed aside rumours that Sarawak Energy Berhad (SEB) chief executive officer (CEO) Sharbini Suhaili might be appointed to the top position.

“No, he is the CEO of energy. We have formed Petros and appointed the board. For a start, we have five members. They are all Sarawakians who have retired from Petronas and Shell,” he told reporters after opening the International Conference on Language Studies (ICLS 2017) at Riverside Majestic Hotel here.

“We will work together to find the best person with experience to be appointed the CEO. The board will decide later,” he assured.

Most importantly, he pointed out, was forming and registering the company with the board first in order to look after Sarawak’s interest in the oil and gas sector.

“Now, it (Petros) is in the formative stage. We must have our own vehicle, after which we will work with Petronas to explore the upstream activities particularly,” he added.

Abang Johari disclosed that the government already has something in the pipeline which will be announced later and the State Legislative Assembly (DUN) would be informed of Petros structure in November when the sitting commences.

He also confirmed that the state government will take up 10 per cent share of the LNG Train 9.

“Petronas has confirmed and now it is just a matter of price,” he said.

Source: http://www.cm.sarawak.gov.my/modules/web/pages.php?mod=news&sub=news_view&nid=1586

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