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Malaysian state oil company Petronas said it would not recognize the Sarawak government's assertion on ownership of the state's oil and gas resources.
Sarawak Chief Minister Abang Johari Openg said this weekend from 1 July.
"The Sarawak Oil Mines (OMO) Ordinance of 1958 stipulates that all oil and gas must be the subject of an application for license from the Government of Sarawak. Industry players in Sarawak, including Petroliam Nasional Berhad (Petronas), should abide by it, "said local local media representative
" All Contractors, Subcontractors and Sellers from the oil and gas industry must also provide their details, details of their activities to the state government as well. "
In response, Petronas issued a statement Monday night stating that it does not did not believe it necessary to comply with the state "
" Petronas maintains that it holds sole ownership of the petroleum resources in Malaysia and that it is the sole regulator of the industry upstream of country, "the statement said.
"In the future, Petronas will closely monitor the situation, including seeking views and advice from the Government of Malaysia, being the sole shareholder of Petronas, in the exercise of its functions.
Petronas was Refused Last Month The Sarawak government claimed the right to regulate its own upstream oil and gas activities
The state company claimed that the demand had been rejected for technical reasons and stated that the decision of the Federal Court did not confirm the legal position of the Sarawak government.
He also stated that he would initiate legal actions to seek clarification on its rights under the Petroleum Development Act 1974 of Malaysia.
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