Let Us Help To Resolve Issues Plaguing Petronas Says Bersatu Mp

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Wan Ahmad Fayhsal Wan Ahmad Kamal says a 'whole-of-government' approach is needed to solve several high-profile issues.
Among the issues affecting Petronas is its dispute with Petroleum Sarawak Bhd (Petros), a state-owned company.PETALING JAYA: Bersatu’s Wan Ahmad Fayhsal Wan Ahmad Kamal has called on the administration to adopt a “whole-of-government” approach, which will include involving the opposition, to resolve significant issues plaguing Petronas
The Machang MP said there were many high-profile issues that needed attention, including the national oil company’s dispute with Petroleum Sarawak Bhd (Petros), a state-owned company.
Other issues include its unprofitable assets in Pengerang, Johor, and Canada as well as its legal wrangles with South Sudan.
In August last year, Petronas said it had initiated proceedings against South Sudan for allegedly blocking a US$1.25 billion sale of its local assets and taking over the business.
Wan Fayhsal said these issues could cause a chain reaction including reducing the workforce via restructuring, which Petronas had announced two months ago.
“The government can rope in the opposition and collaborate (to resolve these issues).
“Yet till today, our offer has yet to be taken up,” he told reporters outside the Dewan Rakyat.
Wan Fayhsal said the opposition hopes the government will be transparent and forthcoming so that it can help resolve these issues.
In June, Petronas president and group CEO Tengku Muhammad Taufik Aziz said the company would cut about 10% of its workforce in a company-wide restructuring exercise that was aimed at reducing costs due to falling crude prices.
He said Petronas expects to reduce its headcount by more than 5,000 people and freeze hiring until December 2026.
In February, Petronas saw a 32% decline in net profit for the financial year ended Dec 31, 2024, with profit after tax dropping to RM55.1 billion from RM80.7 billion in the previous financial year. - FMT

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