Deputy premier Dr Sim Kui Hian says Sarawak has rights to the new fields under a 1958 state law as they lie within 200 nautical miles.
PETALING JAYA: The Sarawak government has laid claim to six newly-discovered oil and gas fields by Petronas, with deputy premier Dr Sim Kui Hian saying the state has ownership rights to the fields under a 1958 state law.
“We firmly believe that oil and gas resources within 200 nautical miles of Sarawak belong to the state,” he was quoted as saying.“This is clearly stipulated under the colonial-era Oil Mining Ordinance 1958. Moreover, these oil fields and other natural resources were discovered in the territory of Sarawak, so they belong to Sarawak.”
Sim said Petronas, which made US$88.3 billion in total revenue last year, managed to make a profit of US$22.5 billion after paying taxes to Sarawak. He also pointed out that more of Petronas’s revenue comes from its oil and gas business in Sarawak.
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