Sabah still pushing for royalty hike in Malaysia

摘要

GOVERNMENT officials in Sabah are continuing to push Malaysia's Prime Minister Mahathir Mohamad to increase the 5% oil royalty paid to the hydrocarbon-producing state. "The 5% value is ludicrous in this day and age," said Kemabong assemblyman Jamawi Jaa-far. "The state government, through Chief Minister Shafie Apdal, has asked for an increase of the oil royalty to 20% for Sabah." Jamawi further argued that the 1976 Petroleum Agreement between the East Malaysian state and national oil and gas company Petronas was no longer appropriate given Sabah's infrastructure needs today.