Sarawak seeks further details on oil royalty

Sarawak seeks further details on oil royalty

This follows PM's comment that royalty will be based on profits derived from oil taken from individual states.

Free Malaysia Today
Abang Johari says royalty and profits from oil are not the same and is seeking a further explanation from the federal government. (Bernama pic)
KUCHING:
Chief Minister Abang Johari Tun Openg said the provision of royalty and profits based on oil production are two different things.

Hence, he said the government of Sarawak wished to seek further explanation from the federal government on the matter.

“We will get an explanation because royalty and profits are not the same,” he told reporters after chairing the 51st Sarawak United National Youth Organisation (Saberkas) here today.

Abang Johari was asked to comment on the statement of Prime Minister Dr Mahathir Mohamad on the 20% royalty to petroleum-producing states at the Dewan Rakyat sitting recently.

Yesterday, Mahathir clarified that the 20% royalty would be made based on the oil profits from the petroleum-producing states.

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