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10 APRIL 2024

Wednesday, August 22, 2012

Now Musa wants review of oil royalty


Chief Ministers Musa Aman and Taib Mahmud believe that Prime Minister Najib Tun Razak will listen to their request to review oil royalties.
PAPAR: Sabah Chief Minister Musa Aman believes that the state’s 5% petroleum royalty review issue is open for amicable discussions with the federal government.
He said Prime Minister Najib Tun Razak was a caring leader who was always prepared to listen to the people and their needs.
Musa, who is also state Finance Minister, said the good relationship between the state and federal governments also benefited Sabahans through large allocations which helped to propel the state forward.
“Therefore, I believe this issue [petroleum royalty] is open for discussion and what’s important is that we scrutinise the matter and reach the best decision for the mutual benefit of all concerned,” he said.
He was speaking to reporters after the Papar Umno Hari Raya Aidilfitri open house hosted by the constituency’s MP, Rosnah Abdul Rashid Shirlin and assemblymen Ghulam Haidar Khan (Kawang) and Rahim Ismail (Pantai Manis) at the Papar Community Hall, here yesterday.
On Monday night, Sarawak Chief Minister Abdul Taib Mahmud was quoted as saying the state government would discuss the need to review the 5% petroleum royalty paid to Sarawak, with the federal government.
He too referred to the “good relationship” between the state and the Najib-led federal government.
Admitting that state government and opposition leaders in the state have reached a consensus on the issue, Taib said both parties needed to meet and discuss the matter.
Early this month, Najib announced that a special committee would be set up to study the petroleum royalty payments involving the eastern states of Peninsular Malaysia, in a fair and transparent manner.
The committee was given six months to study the issue before submitting its proposals to the federal government.
- Bernama

20 comments:

  1. kadar royalti 5% memang perlu disemak semula dengan akta Petroleum 1974 sekali. pasti banyak sudah perubahan yang perlu dibuat mengikut keadaan semasa.

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    1. Sudah lama 5% sedangkan harga barang-barang sekarang semakin meningkat. Jadi mungkin sudah sampai masanya dikaji dengan sebaiknya.

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    2. Tindakan mengkaji semula oleh Datuk Musa Aman ini sememangnya patut dilakukan. Semoga perbincangan dapat dibuat oleh kedua dua pihak.

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    3. syukur la.. akhirnya perkara ini diberi perhatian oleh kerajaan persekutuan setelah Najib mengambil alih tampuk pemerintahan negara..

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  2. Semoga perbincangan secara terbuka dengan kerajaan persekutuan akan membuahkan hasil positif untuk rakyat Sabah.

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  3. Upko is all for any move by the State Government to discuss the possibility of increasing the oil royalty with the Federal Government together with the other oil producing states.

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    1. "So instead of waiting to be returned (as government) in the general election, the BN (as the present ruling party) should just go ahead and implement the increase in oil royalty. "In our submission to the BN headquarters, we have suggested an increase of 20 per cent and that is a good starting point for discussion," he said.

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    2. Tangau said Upko felt it was refreshing that both Sabah and Sarawak were making the move to work out an acceptable formula towards a new formula for oil royalty revenue sharing.

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    3. Its Secretary General Datuk Wilfred Madius Tangau, in a statement here Wednesday, said in fact Upko had recommended to the Barisan Nasional (BN) to include an increment of 20 per cent in oil royalty for the 13th General Election manifesto.

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    4. "Upko is confident that under the 1Malaysia: People First, Performance Now" concept, the Najib administration will consider the proposal positively. "If there is any move by the State Government to table a bill in the State Assembly to this effect, the vote of all the six Upko state assemblymen is assured," he said.

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  4. The United Sabah Chinese Communities Association KK (USCCAKK) President John Lim said Sabahans would certainly enjoy the economic benefits when the oil royalty is reviewed. He said in welcoming the CM's statement on Tuesday that the 5% royalty review was open for discussion with the Federal Government. He said it is up to the state government's wisdom to discuss the matter and how much increment we deserved, but of course the more is better.

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  5. semakin tertekan la pembangkang selepas ini kerana mereka bakal kehilangan isu2 yang biasa mereka gunakan untuk menumbangkan kerajaan..

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  6. tidak mustahil Najib akan memenuhi permintaan kedua2 pemimpin ini berdasarkan kesediaan Najib dalam menghadapi apa sahaja tuntutan rakyat dan juga pemimpin2 pembangkang..

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  7. saya harap perbincangan dapat berjalan dengan lancar dan hasilnya juga memuaskan hati semua pihak terutamanya penduduk Sabah..

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  8. kalaupun royalti minyak dapat ditingkatkan, mungkin tidaklah setinggi permintaan pemimpin2 Pakatan dan juga STAR.. sebab kerajaan perlu juga mempertimbangkan kos carigali Petronas dan juga kos subsidi..

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  9. Sabah Chief Minister Musa Aman is right. After 36 years, it is certainly time to review the oil revenue- or profit-sharing agreement between Sabah, Sarawak, the federal government and Petronas. Hope that this discussion between the four parties will bring Sabah good news.

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  10. The prime minister Najib Razak is reviewing cash payments, deemed as royalties, from petroleum revenue to oil-producing peninsular Malaysian states of Kelantan, Pahang and Terengganu. Sabah, like the others, has been receiving 5% oil royalty.

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  11. The Borneo island state contributes a little more than a quarter of Malaysia’s crude oil production of about 635,000 barrels a day. The bulk of it comes largely off the peninsular coast of Trengganu. Sarawak’s makes up the rest. Petronas last year paid 5.4 billion ringgit in “petroleum proceeds” to the federal and state governments.

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  12. Najib speaks of a “fair” distribution of cash payments from petroleum revenue. And this is what the Petroleum Development Act of 1974 has set out to achieve after Petronas signed the first production sharing contracts with Shell, Exxon and other foreign oil companies in 1976.

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  13. Giving Sabahans and Sarawakians a stake in Petronas will surely help their integration in Malaysia. After almost 50 years, it is still not too late to start.

    Hope that Sabah and Sarawrak will get back what is rightfully ours.

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