THE ongoing discussion between officials from Sarawak, Petroliam Nasional Bhd (Petronas) and the federal government is one that is being closely watched by all parties.
The outcome of the talks is likely to be historic for Malaysia’s oil and gas (O&G) sector. It could also have an impact on the coffers of both the federal government and that of the state of Sarawak. Petronas’ earnings and business activities are also at stake.
Sabah, another large O&G resource hub, has also staked a claim for more tax collections from Petronas.
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