Sarawak Oil And Gas

As the nation continues to be absorbed by news and events related to the ongoing covid 19 pandemic what has escaped much notice is how our new months old national government finally forged an agreement with the sarawak government on the vexed and much ballyhooed issue of the nation s oil and gas o g resources last week. Yusuf suggested for the fund to be set up by. The sarawak oil and gas fund should start with a first capital transfer of rm1 billion or more he added.

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I think sabah has got more crude oil so surely we discussed common interests in the industry.

Sarawak oil and gas. The association argued sarawak contractors should receive priority in the state. Sarawak s and sabah s oil and gas rights were lost to the federal government after the 13 may incident. It attracted rm 9 6 billion us 2 88 billion in foreign investments with 90 going to the sarawak corridor of renewable energy score the second largest economic corridor in malaysia.

From 2006 to 2013 the oil and gas industry accounted for 34 8 of the sarawak government s revenue. Sarawak announced yesterday that it now has complete mining rights over its territory making it the first state in malaysia to form a state owned oil and gas company. He was speaking at a forum themed fight for our rights fight it right on the history and future of sarawak s oil and gas organised by spg at the sarawak state library yesterday.

According to data from the energy commission as at end 2017 sarawak accounted for about 27 of national oil reserves and accounted for about 26 of national production. The leading global oil gas and energy news resource. Sarawak chief minister datuk patinggi abang johari said sarawak will strive to exercise its authority over the exploration of oil and gas in the state.

Sarawak s oil wealth dispute could be ending. Kuching sept 14 the sarawak petroleum contractors association speca is expected to start talks with petroliam nasional bhd petronas to give priority to oil and gas contractors from the state this november. When the federal government made a proclamation of emergency in response to the unrest it unilaterally limited the territorial waters of the borneo states to three nautical miles.

Picture by chimon upon borneo post sibu oct 4 sarawak will strive to exercise its authority over the exploration of oil and gas in the state once negotiations with the relevant parties have been finalised. Abang johari said sarawak holds 56 of malaysia s natural gas reserves and over 34 in crude oil. Covering the latest oil and gas news including shale lng drilling.

Sarawak chief minister abang.