Archive for category Oil
The tyranny of the Umno media
— Sakmongkol AK47
The Malaysian Insider
Aug 06, 2012
AUG 6 — I haven’t watched TV3 for a very long time. During the weekend I found myself without my laptop and I don’t own any iPad either. So with nothing to do, I found myself having to watch the propaganda mouthpiece of the Umno/BN government.
What I saw confirmed what I have been saying for a long time. It’s a one-sided communication means whereby the government of the day, because it can, by virtue of controlling the federal government, spread lies and deliberate disinformation and cuckold the minds of the public.
Immediately you are bombarded with what Umno and BN is doing. It is clear Umno/BN does not want an enlightened and informed public. What it wants is to glorify what little achievements the PM accomplished —distributing zakat from the bank the government owns (meaning if PR wins, it can do the same), frying murtabak here and distributing the delicacy to seemingly starving people. Are we not ashamed to see so many people are poor in the PM’s backyard and then we are subjected to his hypocritical speech about what Allah likes and doesn’t like. It is just an elaborate PR exercise extolling the form rather than substance. Read the rest of this entry »
Isu royalti minyak Kelantan: Perjanjian yang tidak dihormati
Posted by Kit in Najib Razak, Oil, PAS on Sunday, 5 August 2012
— Aspan Alias
The Malaysian Insider
Aug 04, 2012
4 OGOS — Semalam (Jumaat) Menteri Besar Kelantan, Tok Guru Nik Aziz Nik Mat, telah menerima surat dari Perdana Menteri Najib meminta kerajaan Kelantan menghantar wakil untuk berbincang tentang royalti minyak yang menjadi tuntutan rakyat negeri itu sejak beberapa lama yang lalu.
Jumlah tuntutan tertunggak ialah sebanyak RM7.4 billion dan sampainya surat ini menunjukkan bahawa rakyat Kelantan merupakan rakyat yang faham tentang apa yang mereka inginkan sebagai rakyat sebuah negeri yang menjadi sebahagian dari sebuah negara Persekutuan ini.
Saya secara peribadi menerima berita ini dengan perasaan yang agak lega walaupun kita belum tahu lagi keputusan perbincangan itu jika ia benar-benar diadakan. Kita berharap perbincangan ini benar-benar melaksanakan slogan “Janji Ditepati” yang juga dengan rasa tidak malu menggunakannya sebagai slogan hari kemerdekaan negara tahun ini.
Jika berjaya pun perbincangan itu, pembayarannya mesti berlaku sebelum pilihanraya ini kerana jika persetujuan untuk menghormati perjanjian yang ditandatangani di antara Petronas dan kerajaan Kelantan pada 27hb Mei 1975 dahulu. Perjanjian itu ditandatangani oleh Tengku Razaleigh yang mewakili Petronas dengan Menteri Besar PAS, Datuk Mohammad Nasir. Read the rest of this entry »
Is Petronas an ungrateful child of Malaysia?
Anas Alam Faizli
Free Malaysia Today
July 12, 2012
In early June Petronas hinted publicly at the World Gas Conference that they are tired of being the Malaysian government’s cash cow. They said no to fuel subsidy and last year they said they wanted to pay less dividends! Is Petronas ungrateful? The money belongs to the rakyat anyway and hence the government.
While many have attempted to comment on the sustainability of Petronas’ payouts, this article aims to give some insights into the realities of the local oil & gas industry, and why returning all oil harvests back to Malaysians may not benefit them in the longer run.
In 1974, Petronas, fully owned by the government of Malaysia, was established and given full ownership and control of our Petroleum reserves. Today, it has evolved into a fully integrated oil and gas multinational corporation, ranked among FORTUNE 500’s largest and most profitable oil and gas corporations with a total workforce of more than 30,000. Read the rest of this entry »
Huge O&G growth a poser for Malaysia’s future
By Lee Wei Lian
The Malaysian Insider
Feb 22, 2012
The government would be unable to finance its operational expenditure without oil revenues, according to the World Bank. When last year’s investment figures were released yesterday, one statistic stood out — the stunning 132.7 per cent growth in the mining sector — and painted a picture of a two-speed economy where oil-and-gas was booming while other sectors grew slowly or even registered declining investment.
This comes as the World Bank warned last November that Malaysia is too dependent on fossil fuel revenues, with its non-oil primary deficit having doubled in the last five years to almost 20 per cent of GDP.
The other concern is that oil and gas would continue to compete for talent and funds that could be used to broaden the country’s economic and wealth base, especially in home-grown science and high technology, areas in which Malaysia is an insignificant player. Read the rest of this entry »
5 transformation measures for Malaysia
Posted by Kit in Budget Debate, Corruption, Najib Razak, Oil on Monday, 17 October 2011
Proposals which would have given meaning to 2012 Budget as a National Transformation Policy
The theme of of the 2012 Budget is: “National Transformation Policy: Welfare for the Rakyat, Wellbeing of the Nation.”
It is supposed to be a very important budget as it is open up a new decade of National Transformation Policy or DTN effective from 2011 to 2020 when Malaysia is to become developed and high-income nation.
The National Transformation Policy is the final lap of development policies starting with the New Economic Policy 1971-1990, National Development Policy 1991-2000 and the national Vision Policy 2001-2010.
But is there “transformational” in the 2012 Budget which is to usher in a decade of transformation in Malaysia? I can’t find anything transformational or even visionary at all. Read the rest of this entry »
Johor oil terminal in rescue talks with investor, says contractor
Posted by Kit in Good Governance, Johore, Oil on Saturday, 18 June 2011
By Shannon Teoh
The Malaysian Insider
Jun 17, 2011
KUALA LUMPUR, June 17 — Asia Petroleum Hub (APH) is in talks with an investor to fully finance its troubled multibillion-dollar oil terminal in Johor, one of its main contractors said today.
Muhibbah Engineering Bhd said in a filing to Bursa Malaysia that APH “has identified an investor and was in negotiations with the investor to fully finance the completion of the APH hub project, including making due payments to contractors.”
Singapore Business Times (BT) had reported on Wednesday that financier CIMB Bank had placed APH under receivership over a RM1.4 billion three-year bridge loan granted in 2006.
APH drew down RM840 million for project costs but executives told BT that costs had escalated and APH was looking for investors for a further RM2 billion in new financing. Read the rest of this entry »
Guan Eng: royal commission on IPPs, PPAs
Malaysiakini
Jun 12, 11
DAP secretary-general Lim Guan Eng has challenged the BN-led foreign government to set up a royal commission of inquiry into the issue of independent power producers and the related matter of power purchase agreements (PPA).
In this way, all PPAs and other PPAs would be disclosed and it could be determined once and for all whether the government has been equitable in its energy subsidy cuts for end consumers while maintaining lopsided arrangements with the IPPs that supply power to utility firm TNB, said Lim.
Lim, who is also Penang chief minister, was echoing an earlier statement by Umno stalwart Tengku Razaleigh Hamzah that an RCI should be set up to review TNB’s contracts with the 26 IPPs currently producing about 60 percent of the TNB’s energy supply.
“The RCI would determine how severely the lopsided deals are burdening consumers with the rise in electricity tariffs and introduce measures to either reduce or remove this huge financial burden on the people,” said Lim in a statement today. Read the rest of this entry »
DAP: Opposition pressure forced Putrajaya to postpone subsidy cuts
By Clara Chooi | May 26, 2011
The Malaysian Insider
KUALA LUMPUR, May 26 — The DAP triumphed today in Putrajaya’s postponement of fuel and gas subsidy cuts, claiming it was largely due to opposition pressure that forced the government to back down.
It however warned that the celebration would likely be short-lived, predicting that the cuts would be imposed after snap elections.
Read the rest of this entry »
IPPs: A case of the poor subsiding the rich
Malaysiakini Your Say | May 26, 11
‘Why is it that one minister called it ‘subsidy’ but another minister said it is not. This is ridiculous BN ways at work.’
Chin’s ‘savings, not subsidy’ remark shocks DAP
Onyourtoes: I think both Penang Chief Minister Lim Guan Eng and Energy, Green Technology and Water Minister Peter Chin are missing the fundamental issues on IPPs (independent power producers):
Read the rest of this entry »
Minister: Fuel prices to stay, for now
By Kuek Ser Kuang Keng | May 25, 11
Malaysiakini
The government will maintain petrol, diesel and liquified petroluem gas (LPG) prices for now, said Domestic Trade, Co-operatives and Consumerism Minister Ismail Sabri.
This was decided by cabinet earlier this morning, said Ismail (left) during a press conference at about 3.45pm today.
Read the rest of this entry »
Across the Causeway, pump prices dip
The Malaysian Insider | May 24, 2011
SINGAPORE, May 24 — Pump prices for petrol and diesel fell for the second time in as many weeks as simmering worries about the global economy weighed on oil prices.
US oil giant Caltex made the first move when it lowered pump prices by three cents a litre across the board at 6pm yesterday, the Straits Times daily reported today.
The island republic’s Singapore Petroleum Co (SPC) matched the reduction at 7pm, followed by Anglo-Dutch giant Shell at 9pm.
Read the rest of this entry »
Two parliamentary questions on Najib’s three strategic initiatives to transform Malaysia but which have run aground
In the forthcoming parliamentary meeting beginning on Monday, I have given notice to pose two questions to the Prime Minister, Datuk Seri Najib Razak on his three strategic initiatives to transform Malaysia but which have run aground because of strong opposition mostly from Umno and its outsourced organizations like Perkasa.
These three initiatives of Najib are his three strategic pillars which make up his roadmap to achieving Vision 2020 – an high-income advanced nation with inclusiveness and sustainability by 2020:
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1Malaysia, People First, Performance Now;
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Government Transformation Programme; and
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New Economic Model.
My two questions are to ask the Prime Minister:
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how many Ministers in his Cabinet, naming them, regard himself/herself as Malaysian first, race second in keeping with 1Malaysia policy; and
DAP fully supports PAS proposal for a suit to be filed against the federal government for ceding away the oil-rich offshore Blocks L and M in South China Sea
DAP fully supports the PAS proposal for a suit to be filed against the Federal Government for ceding away the oil-rich offshore Blocks L and M in South China Sea to protect the rights of future generations of Sarawakians, Sabahans and Malaysians.
Kelantan state councillor Husam Musa yesterday proposed a legal suit against the federal government for ceding away the oil-rich maritime boundary areas to Brunei.
DAP endorses Husam’s demands and calls on the Prime Minister to issue a White Paper pertaining to all the following issues:
• Reveal to the public all communiques between Putrajaya, Brunei, Sabah, Sarawak and national oil company Petronas pursuant to the ceding of the boundary areas.
• Report all decisions made by the cabinet about the matter.
• Convene a royal commission of inquiry to investigate the issue. Read the rest of this entry »
Oil sovereignty: Why Sarawak not consulted?
Malaysia Mirror | Wednesday, 05 May 2010
KUCHING – The question of sovereignty concerning the state of Sarawak and the oil-rich Blocks L and M, which were signed away to Brunei, was raised by DAP state assemblyman for Bukit Assek Wong Ho Leng on Tuesday.
In a media statement, Wong, who is DAP Sarawak chairperson, questioned the role of the Sarawak government on this issue and why the Federal government did not consult the state government.
Wong called for a detailed explanation from the state government as to whether it was aware of such “trades” involving Limbang and Blocks L and M.
He said the state government needs to clarify immediately whether it has neglected the interest of Sarawakians by giving up the jurisdiction on the two disputed oil-rich blocks to the Federal government.
Read the rest of this entry »
Call on Najib to release a full chronological order on the events resulting in the ceding of Malaysian sovereignty to Blocks L and M to Brunei and the position of Brunei’s territorial claim to Limbang
Posted by Kit in Abdullah Ahmad Badawi, Foreign, Najib Razak, Oil on Monday, 3 May 2010
The statements by Wisma Putra, Petronas, the Prime Minister Dauk Seri Najib Razak and former Prime Minister Tun Abdullah Ahmad Badawi all have one common purpose – to avoid answering two important questions:
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When and why Malaysia ceded away Malaysian sovereignty to two oil and gas-rich offshore areas in South China Sea, namely Block L and Block M, in favour of Brunei; and
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Whether and if so, when Brunei had surrendered its territorial claim of sovereignty to Limbang and recognized full Malaysian sovereignty instead.
Although Wisma Putra, Petronas, Najib and Abdullah know fully well that their statements would be scrutinized for answers to these two most important questions, all their verbiage have one common thrust to avoid answer to these two questions.
This can only raise suspicions to crisis point.
Read the rest of this entry »
Abdullah should explain whether he had signed off US$100 billion (RM320 billion) worth of oil rights to resolve Brunei’s claims to Limbang a month before he stepped down as Prime Minister and why
Posted by Kit in Abdullah Ahmad Badawi, Mahathir, Najib Razak, Oil on Friday, 30 April 2010
Former Prime Minister Tun Abdullah should explain whether he had signed off US$100 billion (RM320 billion) worth of oil rights to resolve Brunei’s claims to Limbang a month before he stepped down as Prime Minister in March last year and why.
The disclosure by former Prime Minister, Tun Mahathir that there had been such a deal is most shocking and even outrageous, demonstrating how gravely good governance had deteriorated after Merdeka in 1957, as this is something Abdullah’s predecessors as Prime Ministers, Tunku Abdul Rahman, Tun Razak, Tun Hussein and even Tun Mahathir himself, would not have done without proper consent of Cabinet, Parliament and the Malaysian people.
Malaysians would have continued to be kept in the dark of this deal if not for Mahathir’s latest blog entry “Malaysia’s Generosity” yesterday where he disclosed that Malaysia had lost a substantial oil producing offshore area in the South China Sea, namely Block L and Block M. Read the rest of this entry »
Lim to Najib: Explain ‘massive’ oil find
Posted by Kit in Najib Razak, Oil, Sabah on Monday, 22 March 2010
KOTA KINABALU: DAP Parliamentary leader Lim Kit Siang wants the government to disclose full details of an alleged new oilfield discovered by national oil company Petronas.
“I call on the PM Datuk Seri Najib (Razak) to make a ministerial statement in parliament tomorrow (today) on this very important subject, the biggest oil find in the Malaysian history and the role of Petronas because Petronas is now contributing about 42 per cent to the country’s revenue,” he told reporters here yesterday.
Lim was commenting on Gua Musang MP Tengku Razaleigh Hamzah’s statement on Saturday that he had been told of the discovery of a new oilfield by Petronas, which could be the biggest oilfield in the world.
“I have heard about this but up to now the government has not made any announcement. I think this should not be kept under-wraps.
“Malaysians have a right to know as it will mean that the future of Malaysia will be cast in a different light.
Read the rest of this entry »
Why have the sons of the second and third Prime Ministers turned their backs on their father’s joint legacy on 5% oil royalty to the states?
Posted by Kit in Mahathir, Najib Razak, Oil, Razaleigh Hamzah, UMNO on Wednesday, 3 March 2010
End-game to the silencing of Umno veteran leader Tengku Razaleigh Hamzah or his expulsion from Umno.
This is the import and intent of the gag order announced by Umno vice president Datuk Seri Hishammuddin Hussein on Umno members on the Kelantan oil royalty issue which could affect the party’s image.
It is no more a question of who and what is historically right or wrong but who has the present power to impose his views on the country at the moment, right or wrong.
What the second and third Prime Ministers, Tun Razak and Tun Hussein Onn, intended some 35 years ago, as ordering Razaleigh as the first Petronas Chairman “to design the Petroleum Development Act in such a way that the Malay heartland states of Kelantan, Terengganu, Johor and especially his beloved Pahang, would benefit directly from offshore oil beyond 3 nautical miles through the mechanism of 5 per cent cash payments made directly to the state consolidated fund” (Razaleigh’s statement) do not matter today.
Even Razak’s categorical and unequivocal commitment in Parliament on Nov. 12, 1975 in reply to my parliamentary question that “Under the agreement, each state will receive 5 per cent of the value of petroleum found and extracted from each of the states, whether onshore or offshore, that is sold by Petronas or agencies or contractors” is now regarded as utterly of no consequence or value.
Read the rest of this entry »
Twitter conversation – LKS and Kuli
Posted by Kit in nation building, Oil, Parliament, Razaleigh Hamzah, Twitter on Tuesday, 23 February 2010
limkitsiang: Oil royalty – Najib is Razak’s son or Mahathir’s heir? http://bit.ly/93SgAj
04:12 PM
razaleigh: My fellow dinosaur w/ a memory of a better day RT @limkitsiang: Najib: Razak’s son or Mahathir’s heir? http://bit.ly/93SgAj
04:22 PM
limkitsiang: @razaleigh shld not have 2depend solely on memory Shld have documents somewhere Petronas etc though mayb OSA Must wait 4regime change 1st?
04:30 PM
razaleigh: Why don’t I put the PDA up on my blog, YB RT @limkitsiang: @razaleigh shld not have 2depend solely on memory
04:34 PM
limkitsiang: @razaleigh good idea but PDA makes no mention of “offshore”. Aren’t there some documents/records somewhere referring to it?
04:42 PM
Read the rest of this entry »
Oil royalty – Najib is Razak’s son or Mahathir’s heir?
Posted by Kit in Najib Razak, Oil on Tuesday, 23 February 2010
I agree with veteran Umno leader Tengku Razaleigh Hamzah that the federal government’s full-page advertisements in Malay weeklies on the oil royalty controversy is an insult to the intelligence of all Malaysians.
The full-page advertisements contain an important omission – the reply 35 years ago in Parliament by the then Prime Minister, Tun Razak to my question whether all states in Peninsular Malaysia, Sarawak and Sabah had signed agreements with Petronas for oil exploration along the coastline and what were the joint profits for the state.
As recorded in the Parliament Hansard of November 12, 1975, this was Tun Razak’s reply: “All states in Malaysia, except Sabah and Sarawak, have signed the agreement with Petronas under the Petroleum Development Act 1974. I have been informed that Selangor had agreed to sign the agreement.
Read the rest of this entry »
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