KUALA LUMPUR September 25, 2012: The federal government does not intend to increase the royalty payments to the various oil-producing states.
Prime Minister Najib Tun Razak confirmed this in Parliament in a written response to a query by PAS-Rantau Panjang MP Siti Zailah Mohd Yusoff over the matter.
“The [federal] government has no intention to review the petroleum product payment to the state governments, including that of Sabah and Sarawak,” he said.
State governments currently get 5% from oil royalties, a result of an agreement made over 40 years ago.
Najib added that the allocations through the payment of petroleum products to the federal and state governments were set according to a Production Sharing Contract (PSC).
This contract, he said, was signed between Petronas and its (foreign) PSC partners such as Shell, Exxonmobil and so forth.
Amending the product rate, Najib added, would mean that there would have to be a re-negotiation between Petronas and its PSC partners.
He warned that as the contract was enforced for a certain time period, any attempt to amend its criteria would destroy the interests and confidence of these foreign oil companies.
Even so, he said that even without an oil royalty hike, the federal government had contributed far more to its states than what it got out of its petroleum.
Pressure is currently on Najib’s administration to review the oil royalty arrangments.
The PAS-led Kelantan state government is not the only one which has petitioned Putrajaya for a greater cut of oil mined from its territories.
Both Sabah and Sarawak Chief Ministers Musa Aman and Taib Mahmud have respectively expressed their wishes for the oil royalty matter to be reviewed.
In early August, the government said that it would form a special committee to study the petroleum royalties to Peninsular east coast states.
Alamak punahlah haraapan Sabahan dan Sarawakian kalau macam ni.
BalasPadamyang penting Pihak Kerajaan Negeri terus menyuarakan perkara ini kepada pihak atasan.
PadamSungguh mustahil kalau Kerajaan Persekutuan tidak memberikan kepentingan kepada Sabah dan Sarawak. Kita dapat lihat sendiri yang mana Datuk Najib begitu kerap memasuki Sabah dan Sarawak petanda yang mana Datuk Najib mengambil berat akan perkara di Negeri tersebut.
PadamDon't get offense. I don't think this is true though.
PadamKita tunggu lagilah bajet 2013, harap Borneo diberi perhatian utama.
BalasPadamHarap bajet 2013 akan memberi banyak keutamaan kepada sabah.
PadamSaya pun harap banyak sumbangan akan diberi untuk orang2 Sabah.
Padamharap dalam bajet 2013, Sabah mendapat bajet yang tinggi.
PadamKerajaan akan memberi peruntukan yang mencukupi untuk projek pembangunan.
PadamBujet 2013 diharapkan menumpu perhatian dlam perkembangan kawasan luar bandar.
PadamRoyalti memang patut dikaji. Harap Najib akan mempertimbangkan hal ini semula.
BalasPadamDon't worry. Let's wait for the Budget 2013.
PadamBukan sennag mahu ubah sesebuah perjanjian yang dah termetrai. huhu
BalasPadamBetul, banyak perkara yang perlu di kaji untuk ubah penjanjian yang sedia ada.
PadamIni juga terpulang sama ada Petronas benar mengutamakan kepentingan rakyat di Sabah.
PadamSaya yakin Najib pun sudah berusaha sebaik mungkin utk kaji isu royalti minyak ini. Entah apa lagi nak buat..
BalasPadamChief Minister Datuk Seri Musa Aman has advised state ministries, departments, agencies as well as statutory bodies which have received good ratings from the National Audit Department not to be complacent with their achievements.
BalasPadamApa pun kita harus tunggu pengumuman tersebut.
BalasPadambyk jg projek Petronas di Sabah seperti SOGT dan Samur.
BalasPadamIsu royalty tidak harus diabaikan sebab Sabah mempunyai hak atas sumber sendiri, harus menikmati faedah yang setimpalnya.
BalasPadamKadar royalty harus dikaji semula.
PadamJika benar kerajaan persekutuan mengetepikan isu royalty, ini pasti mendatangkan kesan yang kurang baik.
BalasPadamSabahans should view Petronas’ contribution positively, projects create job opportunities
BalasPadamthere was no doubt that Petronas was already contributing to the state’s economy especially in terms of creating employment and business opportunities.
Sabahans should view Petronas’ contribution positively, projects create job opportunities
BalasPadamall Petronas petrol stations in the state is 100 per cent owned by locals and this does not include opportunities for local contractors to take part in the massive projects undertaken by the national oil corporation in Kimanis and Sipitang..
Sabahans should view Petronas’ contribution positively, projects create job opportunities
BalasPadamPetronas’contribution to the state must be viewed in the overall context and not from the point of royalty alone.
Sabahans should view Petronas’ contribution positively, projects create job opportunities
BalasPadamPetronas has been forging ahead with upstream and downstream oil and gas projects involving a combined capital investment of RM45 billion.
Sabahans should view Petronas’ contribution positively, projects create job opportunities
BalasPadamThe oil corporation was now moving full steam ahead with attention focused on Petronas’ massive investment in Kimanis and Sipitang, which included the Sabah Oil Gas Terminal, the Kimanis Gas Fired Power Plant Ammonia and the Urea Plant Project in Sipitang.
Sabahans should view Petronas’ contribution positively, projects create job opportunities
BalasPadamThe overall petronas investments in this state will result in great economic spin-offs for thousands of Sabahans residing in Papar, Kimanis, Beaufort and Sipitang.
Sabahans should view Petronas’ contribution positively, projects create job opportunities
BalasPadamchief minister Datuk Seri Musa Aman assured that the state government would extend its full support and assistance to facilitate Petronas-related activities in Sabah.
Sabahans should view Petronas’ contribution positively, projects create job opportunities
BalasPadamCiting the Sabah Ammonia-Urea plant project owned by Petronas Chemicals Group Bhd in Sipitang, Musa said Sabah firms were set to be awarded contracts worth some RM600 million in the project.this also signifies the earnestness of Petronas in giving Malaysians in Sabah opportunities to be players in the business of oil and gas..