KOTA KINABALU (December 8): Sabah Deputy Chief Minister Datuk Seri Dr Jeffrey Kitingan congratulated the Sarawak government for successfully signing a trade agreement with Petronas yesterday. Tengku Muhammad Taufik and Samion said that the settlement agreement was implemented today after the conclusion of negotiations, which were supported by the Ministry of Finance, on the trade regime. “The settlement of the issue of the management of O-G, as well as the agreement previously reached on the introduction of the mineral oil tax in Sarawak, will allow the Sarawak State Government to expand its revenue collection for various development programs for the benefit of people from all walks of life,” PMO said in a statement on Wednesday. Petrona`s President and Chief Executive Officer, Tengku Muhammad Taufik, and Sarawak`s Secretary of State, Datuk Jaul Samion, said today in a joint statement that the agreement also provided for Sarawak`s more active participation in the O-G industry through the management of onshore-O-G resources and investments in offshore companies upstream by Sarawak Bhd. Tan Sri Muhyiddin Yassin welcomed the agreement to resolve the issue of the management of the D of the state through a trade agreement, he said. The agreement led to the resignation of Petronas chief Wan Zulkiflee Wan Ariffin, who ceased after a disagreement with Prime Minister Muhyiddin Yassin over the distribution of more oil money to the state of Sarawak, sources said. As part of the agreement, the state of Sarawak will also be more actively involved in the state oil and gas industry through the management of onshore oil and gas resources by its state-owned energy company Petros, as indicated in a joint statement by Petronas and the government. Sarawak Secretary Datuk Amar Jaul Samion (left) and Tengku Muhammad Taufik showed documents from the trade agreement at the signing ceremony attended yesterday by Sarawak`s Chief Minister Datuk Patinggi Abang Johari Tun Openg and Muhyiddin in Kuala Lumpur yesterday. – Bernama Photo Read also:Petronas, Sarawak emblem of the commercial colony of the colony, form Consultation FrameworkSarawak gets a larger share of the revenueSarawak gets a larger share of the revenueS. , said that the agreement shows Prime Minister Sri Muhyiddin Yassin`s commitment and sincerity with the gift of Sabah and Sarawak his rights, as defined in the 1963 Malaysian Agreement (MA63). KUALA LUMPUR (December 7): Today`s trade agreement between the Sarawak government and Petroliam Nasional Bhd (Petronas) will open a new chapter in efforts to stimulate the development of the oil and gas industry (O-G), including the creation of various business opportunities and the development of industries related to Sarawak, as indicated by the Office of the Prime Minister (PMO). PMO said the agreement and cooperation between the two sides to seal the trade agreement really show the federal government`s commitment to solving the problem with the Sarawak government.
KUALA LUMPUR (December 7): The Commercial Management Agreement of Petroliam Nasional Bhd (Petronas) -Sarawak of the Government of Sarawak provides Sarawak with a larger share of the revenues and yields of gas (O-G) obtained and produced in the state, with the contract providing an advisory framework in which both parties will be able to discuss and discuss together issues that are important to the industry. , including those that affect the interests of the state.