Payment of 20% of Mahathir's oil raises concerns – BorneoPost Online | Borneo, Malaysia, Sarawak Daily News



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MIRI: The recent announcement by Prime Minister Tun Mahathir Mohamad of the restructuring of the Malaysian Petroleum States royalty has caused concern among many Sarawakians, who believe that the Prime Minister should clarify his statement . 19659002] On Thursday, Dr. Mahathir announced in Parliament that the federal government Pakatan Harapan (PH) would honor his promise to provide 20% royalties to oil-producing states, but later he clarified the statement saying that the 20% [19659002] Datuk Sebastian Ting

Former Mayor of Miri Datuk Lawrence Lai considered the announcement as different from what was promised in the election manifesto of PH.

"Although I am not an expert tanker, I believe that those who are interested in the future of Sarawak would like to ask a simple question about the comparison between the 20% royalty and the a common interpretation would be as follows: if oil production generates RM 1 billion, the oil royalty of 20 percent would be RM 200 million, the gross amount (figure) before deducting expenditures; if it is a 20% profit of which Dr. Tun Mahathir speaks, it would be only the balance after deducting all the expenses.

"This is a very controversial question – Tun Dr. Mahathir as well as Parliament must give Said Lai, who is a lawyer by profession, adding that mathematically, a 20 percent royalty would certainly be more than a 20 percent profit.

Datuk Lawrence Lai

Lai He also expressed his hope that the government of Sarawak and Petroleum Sarawak Bhd (Petros) would have their say in this matter and make appropriate statements.

In addition, he stated that some might accuse Dr. Mahathir of "declining" the status of Sarawak. He pointed out that Sarawak and Sabah are legally among the 13 states in Malaysia. "

" Malaysia was formed on September 16, 1963 when Malaya, Sabah, Sarawak and Singapore signed the Malaysian Agreement. 1963 (MA63) – Singapore left the Federation in 1965.

"However, after the amendment of the Federal Constitution in 1976, Sarawak and Sabah were demoted from the federation of the three nations (Sarawak, Sabah and Malaysia),"

Fong Pau Teck

"Perhaps, the first step would be a joint exercise of the GPS (Gabawgan Sarawak Party) and the Warisan Sabah Party (Warisan) to lobby and table a Bill in Parliament to repeal the 1976 Constitutional Law amending the Federal Constitution and restoring or restoring Sarawak and Sabah's legitimate place with Malaysia as equal partners of the Federation;

Similarly, the MP for Piasau, Datuk Sebastian Ting, described the Prime Minister's announcement as "very confrontational" in relation to what was mentioned in the PH manifesto.

Sarawak, many people voted PH because of his manifesto.

"Previously, Sarawak had a five percent royalty.If the 20 percent oil profit became the final decision, we would not know how much Sarawak would get – the profit (20 percent amount) could be much less than the 5 per cent I think the majority of Sarawakians would be very disappointed. "

Erick Chin

According to him, Sarawak's co-founder for the Sarawak Movement (S4S) Erick Chin believed the 20% payout based As a result, he called on the Sarawak government to oppose this move.

"There is no reason for Sarawak to accept this: Sarawak and Sabah need to look at the MA63 and understand our rights over our natural resources."

"As for the Sarawak government, it must defend firmly the rights of Sarawak and Sarawakians.

Former deputy of Pujut Fong Pau Teck, on the other hand, considered the PH government as "insincerely" with regard to the issue.

"For years, Sarawak has received a five percent oil royalty. If they (the PH government) speak of a profit of 20%, that is (the value) is much lower than the 20% fee. Lower fuel prices could also mean lower profits. There are more disadvantages than benefits, and Sarawak has no reason to accept that. "

Fong also said that by referring to Sarawak's rights to natural resources as stated in MA63, ideally 100% of the rights should return to Sarawak Apart from the 20% royalty, the remaining 80% of the Rights should be granted to Sarawak oil and gas companies, contractors and subcontractors, as well as to employees.

"We do not hope" Sarawak 's natural resources continue to flourish. to be in the hands of foreigners, "he said in a press release issued yesterday

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