Wednesday, 26 September 2012

NO INCREASE IN OIL ROYALTY




By : PATRICK LEE

KUALA LUMPUR: The federal government does not intend to increase the royalty payments to the various oil-producing states. Prime Minister Najib Tun Razak confirmed this in Parliament in a written response to a query by PAS-Rantau Panjang MP Siti Zailah Mohd Yusoff over the matter.

“The [federal] government has no intention to review the petroleum product payment to the state governments, including that of Sabah and Sarawak,” he said.

State governments currently get 5% from oil royalties, a result of an agreement made over 40 years ago.

Najib added that the allocations through the payment of petroleum products to the federal and state governments were set according to a Production Sharing Contract (PSC).

This contract, he said, was signed between Petronas and its (foreign) PSC partners such as Shell, Exxonmobil and so forth.

Amending the product rate, Najib added, would mean that there would have to be a re-negotiation between Petronas and its PSC partners.

He warned that as the contract was enforced for a certain time period, any attempt to amend its criteria would destroy the interests and confidence of these foreign oil companies.

Even so, he said that even without an oil royalty hike, the federal government had contributed far more to its states than what it got out of its petroleum.

Pressure is currently on Najib’s administration to review the oil royalty arrangments.

The PAS-led Kelantan state government is not the only one which has petitioned Putrajaya for a greater cut of oil mined from its territories.

Both Sabah and Sarawak Chief Ministers Musa Aman and Taib Mahmud have respectively expressed their wishes for the oil royalty matter to be reviewed.

In early August, the government said that it would form a special committee to study the petroleum royalties to Peninsular east coast states. (FMT)

21 comments:

  1. Seems Najib already explained the real situation on why the oil royalty won't be increased.

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    1. berita ini tidak memihak kepada rakyat di Sabah.

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  2. Memang bukan senang mahu review oil royalty ini. Harap rakyat faham.

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  3. Paling penting para pemimpin kita telah berusaha meminta agar royalti minyak dapat dinaikkan.

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  4. Rasanya Royalti minyak ini perlu disemak semula bagi kebaikkan bersama. Kita tahu yang mana Kerajaan Negeri di bawah Ketua Menteri Datuk Musa Aman memastikan perkara ini akan disemak semula kerana royalti itu sudah lama dan perlu diberikan yang baru dengan keadaan yang berbeza sekarang ini.

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  5. Kerajaan Negeri tidak pernah lupa akan apa yang patut untuk rakyat Sabah ini.

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  6. Sabah menyumbangkan kira-kira satu suku daripada pengeluaran minyak mentah Malaysia iaitu kira-kira 635,000 tong sehari. jadi Sabah harus mendapat manfaat yagn sepatutnya dari hasil minyak.

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    Replies
    1. Sabah should enjoy more benefit than 55 royalty.

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  7. apapun, di Sabah byk projek Petronas dilaksanakan iaitu SOGT dan Samur yang harap akan memberi byk manfaat kepada Sabah.


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    1. pembangunan di Sabah kena diutamakan lagi.

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    2. Isu royalti dan projek SOGT tidak harus dikaitkan. Kadar royalti adalah hak orang Sabahan.

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  8. Untuk perkembangan yang berterusan, isu royalti harus dikaji agar pendapatan negeri juga bertambah.

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  9. Hak dan kepentingan rakyat harus sentiasa diutamakan.

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  10. Petronas telah mengumumkan pelan utama pembangunan dalam tempoh jangka panjang bagi menyediakan peruntukan dan menambah nilai sumber petroleum Sabah, yang mana ianya akan menghasilkan peningkatan perolehan bagi negeri ini.

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  11. Berikutan penemuan sumber minyak dan gas di luar pesisir Sabah, Petronas akan meneruskan pelaksanaan projek huluan dan hiliran minyak dan gas yang melibatkan pelburan modal yang disatukan RM45 bilion.

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  12. Bersama-sama dengan pelan Petronas itu ialah Projek Bersepadu Minyak dan Gas Sabah-Sarawak (SSIOGP), yang mengandungi pembangunan huluan telaga minyak dan gas di luar pesisir Sabah dan pembangunan hiliran Terminal Minyak dan Gas Sabah (SOGT) dan Laluan Paip Gas Sabah-Sarawak (SSGP).

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  13. Satu lagi projek Petronas di mana bahan mentahnya akan dibekalkan oleh SOGT ialah Loji Kuasa Kimanis menggunakan gas 300MW bernilai RM1.5 bilion, yang dibangunkan secara bersama di Kimanis oleh Petronas Gas Berhad dengan Yayasan Sabah melalui NRG Consortium (Sabah) Sdn Bhd.

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  14. Bagi meningkatkan lagi keselamatan bekalan elektrik Sabah, Petronas juga merancang membina terminal pengisian semula gas LNG di Lahad Datu, bagi membekalkan gas asli kepada cadangan Loji Kuasa Lahad Datu 300MW yang baharu.

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  15. Menurut Petronas, pelaburan keseluruhannya di Sabah sejak 1975 ialah RM61 bilion manakala jumlah keseluruhan royalti yang dibayar kepada Sabah (sehingga 2010) ialah RM6.8 bilion.

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  16. the royalty rates had to be viewed in the context of total government revenue and in terms of the percentage of budgetary allocations for Sabah, as well as other states.

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  17. "If you take away 20 per cent or 50 per cent for royalty, it means that the allocation for the ministries meant for Sabah will be reduced,"

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