Malaysia May Sell Petronas Stakes To Two States



(Reuters) – Malaysia is considering selling stakes in energy giant Petronas to two of its 13 states where the company’s oil and gas fields are, Prime Minister Mahathir Mohamad told Reuters, in a bid to raise funds for the debt-laden government.
The move may also give states such as Sarawak and Sabah a say in the running of Petronas, the world’s third-largest exporter of liquefied natural gas.
Tun Dr Mahathir said on Tuesday in an interview that the government could not meet a demand made by the states for a quadrupling of the royalties paid by the government-owned company to 20 per cent of its profit.
“It’s fully owned by the government, it’s up to the government to sell the shares privately, not in the market, to states like Sabah and Sarawak,” Dr Mahathir said. “Petronas is a very big company, it depends on how much (the states) can pay also.”
Sarawak and Sabah have Malaysia’s most extensive oil and gas reserves in their waters in the South China Sea.
Their longstanding demand to increase royalties could cost Petronas up to US$7 billion (S$9.5 billion) a year.
The Pakatan Harapan (PH) government in its 2018 election manifesto promised to raise petroleum royalties paid to the oil and gas producing states to 20 per cent, up from 5 per cent paid by the previous government.
The other two petroleum producing states are Terengganu and Kelantan.
The Sarawak state government, which is ruled by opposition alliance Gabungan Parti Sarawak, has been pushing for PH to raise the royalties.
But Petronas president and chief executive Wan Zulkiflee Wan Ariffin said last week that increasing the royalties paid to 20 per cent was not possible, as production costs are high and profit margins are low.
He was quoted by Malay Mail online news as saying the company makes a profit margin of only 3.7 per cent from oil production locally, after accounting for matters such as production costs, oil royalties and tax.
Petronas is the federal government’s biggest money-spinner.
Dr Mahathir said the government could also cut stakes in smaller listed or unlisted units of Petronas.
“We need to reduce our involvement, the number of shares that we hold, to raise some funds for ourselves,” he said.
The company’s main listed units are petrochemicals-maker Petronas Chemicals Group, retail arm Petronas Dagangan, and gas infrastructure and utilities arm Petronas Gas. Petronas Carigali is its exploration unit.
On Monday, Petronas said it has completed block trades of its shares in Petronas Dagangan, Petronas Gas and shipping line MISC Berhad.
 


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

https://www.malaysia-today.net/2019/12/12/malaysia-may-sell-petronas-stakes-to-two-states/

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Dr M S Offer To Sell Petronas Stake Will Affect Kimanis By Election Warns Mp

Dr M S Offer To Sell Petronas Stake Will Affect Kimanis By Election Warns Mp

papar berkaitan - pada 12/12/2019 - jumlah : 257 hits
Kota Kinabalu MP Chan Foong Hin says it is not right to raise funds for the federal government by selling Petronas shares to the state governments KOTA KINABALU A Sabah MP is worried that Prime Minister Dr Mahathir Mohamad s statement on se...
Don T Miss Opportunity To Acquire Stakes In Petronas Says Chong

Don T Miss Opportunity To Acquire Stakes In Petronas Says Chong

papar berkaitan - pada 14/12/2019 - jumlah : 186 hits
Chong Chieng Jen KUCHING Sarawak and Sabah state governments should take the opportunity to own equity in Petroliam Nasional Berhad said Deputy Minister of Domestic Trade and Consumer Affairs Chong Chieng Jen With the federal government to ...
Malaysia S Biggest Upside Down Christmas Tree Lifts Holiday Spirits At Paradigm Mall Johor Bahru

Malaysia S Biggest Upside Down Christmas Tree Lifts Holiday Spirits At Paradigm Mall Johor Bahru

papar berkaitan - pada 6/12/2019 - jumlah : 498 hits
Get ready for a topsy turvy Christmas this year at Paradigm Mall Johor Bahru with a record setting spectacle not to be missed Grab a mug of hot chocolate and make your The post appeared first on
Telefon Pintar Vivo S1 Pro Dijual Dengan Harga Rm1 199 Di Malaysia

Telefon Pintar Vivo S1 Pro Dijual Dengan Harga Rm1 199 Di Malaysia

papar berkaitan - pada 6/12/2019 - jumlah : 645 hits
Pada 3 Disember 2019 yang lepas saya bersama rakan blogger lain telah berkesempatan menghadiri majlis pelancaran telefon pintar baru Vivo S1 Pro yang berlokasi di C03 event space bersebelahan dengan IOI Mall Puchong Untuk pengetahuan korang...
17 Lokasi Yang Wajib Dilawati Jika Pelancong Datang Ke Malaysia

17 Lokasi Yang Wajib Dilawati Jika Pelancong Datang Ke Malaysia

papar berkaitan - pada 6/12/2019 - jumlah : 311 hits
Malaysia merupakan sebuah negara yang mempunyai pelbagai keistimewaan yang tersendiri dengan keunikan budaya dan tradisi tersendiri sehingga menjadikan ia tempat yang wajib anda kunjungi Malaysia mempunyai pelbagai industri pelancongan yang...
Dr Jabbar Penapis Air Murah Dan Berkualiti Di Malaysia

Dr Jabbar Penapis Air Murah Dan Berkualiti Di Malaysia

papar berkaitan - pada 6/12/2019 - jumlah : 518 hits
Pada masa sekarang fungsi penapis air bukan lagi dilihat sebagai barangan mahal yang hanya mampu dimiliki oleh orang orang berduit tetapi sudah merupakan barangan keperluan yang wajib dimiliki oleh setiap isi rumah Gambar hiasan Penggunaan ...
5 Auta Pekerja Malaysia Nak Dapat Surat Mc Buat Doktor Ini Geram

5 Auta Pekerja Malaysia Nak Dapat Surat Mc Buat Doktor Ini Geram

papar berkaitan - pada 6/12/2019 - jumlah : 823 hits
Terdapat banyak kes tipu mengenai Medical Sickness Certificate atau lebih mesra dikenali dengan M C Seorang doktor telah memuat naik satu kiriman tentang ragam serta karenah pesakit yang terpaksa dihadapi oleh doktor semata mata ingin menda...
Jawatan Kosong Kementerian Kesihatan Malaysia

Jawatan Kosong Kementerian Kesihatan Malaysia

papar berkaitan - pada 6/12/2019 - jumlah : 565 hits
Jawatan Kosong Kementerian Kesihatan Malaysia Portal jawatan kosong kerajaan membuka peluang pekerjaan di Kementerian Kesihatan Malaysia yang kini dibuka untuk semua Warganegara Malaysia dan kepada mereka yang berminat serta berkelayakan di...
Makan Steamboat Dapat Henna Free

15 Kafe Di Johor Bahru Instagrammble Muslim Friendly

Sarawak And Malaysia Can T Afford Escalating O G Disputes

Antara Projek Pungguk Rindu Bulan Tilapia M Sia Pro Hamas

Isu Calon Perdana Menteri Kembali Menjadi Tegang Di Kalangan Pemimpin Pn

Isu Papan Tanda Aneh Dan Pelik Menteri Wilayah Masih Diam

Worldcoin Dan Ai

Coffee Is For Closers The Motivational Phrase From Quot Glengarry Glen Ross


echo '';
Memahami Fasa Renjatan Elektrik Yang Selamat dan Berbahaya Untuk Manusia

Info Dan Sinopsis Drama Berepisod Lara Kasih Slot Samarinda TV3

Senarai Lagu Tugasan Konsert Minggu 2 Gegar Vaganza 2024 Musim 11

Keputusan Markah Peserta Konsert Minggu 1 Gegar Vaganza 2024 Musim 11

Senarai Lagu Tugasan Konsert Minggu 1 Gegar Vaganza 2024 Musim 11


Ciri Ciri Kad Pengenalan Baru

Yaph Jiwa Gundah

E Book Pertama Saya

Resipi Ayam Gepuk

Orbit Labels The Parent S Choice For Safe And Sanitary Feeding

Samun Barang Kemas Dianggar Seberat 4 1 Kilogram Bernilai Rm1 54 Juta Sekumpulan Penjenayah Diburu