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Dato Idris Buang
KUCHING: Pesaka Party Bumiputera Bersatu (PBB) Chief Information Officer Dato Idris Buang wants a review on all documents of oil and gas exploration done in Sarawak , especially its total production, in the state
In this regard, the government of Sarawak must seek the account of Petroliam Nasional Berhad (Petronas), said MP Muara Tuang in reaction to Pakatan Harapan (PH) the federal government returns to its election manifesto by returning only 20% of oil and gas profits extracted in Sarawak instead of the 20% royalty on their production.
"We must ask for their accounts since the day they started extracting our resources. We have the right to check and track all accounts on production. It is a fair legal right and right as the owner of our land, our land and the resources that are part of it, "he said.
"Let's see what they owe us. I think it would be several trillions of Malaysian Ringgit. "
" What Tun Prime Minister Dr. Mohammad Mahathir and his PH Government are now doing in Sarawak (giving a fee based on 20% of Petronas' profit) is "We must consider and seek an appropriate legal statement of our rights" , added Idris
. Sarawak should levy the royalty rate on ex-platforms or ex-fields, as we do for every unit of water used in hydrodams like those of Batang Ai and Murum, pay the royalties of the government from Sarawak to one "(1965)" Petronas should pay a royalty at the rate RM x per barrel or gas at RM x per thermal unit. That's what kingship is supposed to be, "he said.
He emphasized that the government of PH and Petronas could not just tell the Sarawak government what it should get without its terms.
"As the absolute owner of our resources should be those that impose the royalty rate and the license conditions that they must have before doing oil and gas business on our territory. Beyond all these fees (royalties, taxes, levies and surcharges) that the State may impose, the State may hold a portion of the equity of the holding company, which is totally different if the State decides to participate in equity. "[19659003] He emphasized that royalty and equity are two separate things – the royalty has the absolute right to impose conditions while participation is optional."
"How We Want to Set the Rate Royalty can depend – but not necessarily – on how much equity we want to participate – it's a bargaining point. We need to be advised by our own experts – not theirs (PH and Petronas) as to how much we want to bear the risks of the business, "said Idris.
" What the PH and Petronas government have done to us We were stuck at a point where we had no choice at all, but simply accepting what was imposed on us in the throat. Our life in the 60s and 70s was then very poor, with poverty almost everywhere, most schools not being in good shape, lacking modern facilities and so on, "he said. and therefore the Emergency Orders allegedly made to facilitate military and naval operations on our territory (not for Petronas lah) .The Petroleum Development Act of 1974 was born under a great camouflage of urgency and disruption. In the meantime, the Youth Secretary of the Sarawak Party of Democratic Action, Dr. Kelvin Yii, expressed his concerns and frustrations. himself, was understandable with the recent announcement by the Minister of Economic Affairs, Datuk Seri Mohamed Azmin Ali, that the 20 percent royalty on oil should be based on net profit rather than on gross output. In my question, I went to Read on to ask about the devolution of education and self-help health care in Sarawak, which also received a response from the minister, "said Dr. Yii
. Based on the principle stated in the DAP manifest, where a 20% royalty based on the gross amount or equivalent in value was promised.
"That is why we will look at it in particular to define this benefit sharing and, above all, the formula used.We will extract the numbers and be transparent in the mechanism so that the distribution of our wealth can to be fair and just, "he said.
However, Azmin, questioned, said that there would be further discussions with the concerned state. According to Dr. Yii
the discussion is ongoing, and Sarawak DAP will continue to lobby for state rights and find a reasonable basis for this, he added. 19659003] "In the context of Sarawak, the" New Deal "that is part of our Sarawak specific manifesto clearly mentions the 20% oil royalty, the 50% tax returns to Sarawak and the autonomy in the Sarawak. education and health.] "The petrol additional revenue from the 20 percent royalty that is estimated at RM6 billion based on oil prices last year, and an estimate of RM3.5 billion from 50 percent of the taxes collected in Sarawak, we is destined to run the two critical departments that an e The operating budget of these two departments is in the range of RM7 to RMB8 billion based on the budget and the current allocations.
"We take note of the concerns of the oil and gas industry and have personally spoken to some of them.We have been informed that the cost itself varies from 60 to 70%, which the Minister (Azmin) confirmed today by saying that "of this value per barrel, 70% of crude oil and gas production is" Thus, the industry is unable to give 20 percent of the fee to remain viable, but in the case of Sarawak, if the state government decides to take responsibility for education and health care, the federal government promised to "supplement" a "Equivalent in value" of the oil royalty of 20 percent so that we can manage these two essential departments, "said Dr. Yii. It is up to the state government that it is up to decide whether he wants to take responsibility for these two vital ministries. The additional income of 20% and 50% is not to fill the pockets of the state
but it is to determine the future of the state through these two critical departments. So, as Tun Dr. Minister said on the question I asked, there will be further negotiations with the state government on the issue, particularly with respect to In addition to this, the (1963 Malaysia Agreement) will also consider such matters as the rights of
Sabah and Sarawak on natural resources, including oil and gas, and examining various legislations with a view to MA63, "said Dr. Yii. this story?
