Petronas maintains it has exclusive ownership on petroleum resources

The Sarawak government has said it plans to exercise its powers under the relevant laws relating to oil and gas activities in the state.

Petronas says it will exercise its powers as the sole regulator of the upstream sector in the country. (Bernama pic)

KUALA LUMPUR: Petronas maintains that it has exclusive ownership of the petroleum resources in Malaysia and is the sole regulator of the upstream sector in the country.

It said this in reference to a press statement by the Sarawak chief minister’s office yesterday on the state government’s intent to exercise its power under the relevant laws relating to oil and gas activities in the state.

Moving forward, Petronas said it would closely monitor the situation, including seeking views and guidance from the federal government, being the sole shareholder of Petronas, in carrying out its duties. -FMT