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Gas discovery to boost Sarawak coffers

KUCHING: Sarawak will indirectly benefit from the discovery made by Petroliam Nasional Berhad (Petronas) on huge gas reserves in Central Luconia, 80km off the coast of Sarawak. Entrepreneur Development and Cooperatives Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said the state government and Petronas had signed the commercial settlement agreement in December last year, […]

Additional revenue of RM15 billion from SST

LAWAS: Sarawak could receive RM15 billion over the next five years from the state sales tax (SST) imposed on its petroleum products. Chief Minister Datuk Patinggi Abang Johari Tun Openg pointed out that Petroliam Nasional Berhad (Petronas) recently settled its outstanding SST payment for 2019 amounting to RM3.1 billion. “I have calculated that we will […]

Expanding Sarawak’s gas industry

KUCHING: It is time for Sarawak to use its gas reserves for its industrial development and local consumption instead of contributing to Petronas’ revenues, said Datuk Sharifah Hasidah Sayeed Aman Ghazali. The assistant minister in the Chief Minister’s Department (Law, State-Federal Relations and Project Monitoring) said that between 1997 and 2014, Petronas gas revenues totalled […]