Days after being sworn-in, newly-minted Terengganu Menteri Besar Ahmad Razif Abdul Rahman has been urged to do the right thing by reclaiming the lost oil revenues of the state for the people.

PAS parliamentarian Raja Kamarul Bahrin Shah Raja Ahmad in a brief press statement today spelt out what the new menteri besar must do, including digging up a sovereign fund set up by the state in the 1970s.

"As the new menteri besar, Razif should follow the example of the new Sarawak chief minister, who put the people's concerns as a priority from the start.

"PAS will then give our full support at the state and Parliament levels," said the MP for Kuala Terengganu.

Raja Kamarul (left) identified three immediate actions for Razif, who was sworn in on Monday, to pursue.

A member of the Terengganu royal family, Raja Kamarul said he was making the request under the state's Royalty (R) movement, which is also seeking more oil royalties for Kelantan, backed by Pakatan Rakyat supporters.

He said Razif should ask the federal government to match Sarawak's demand for 20 percent in oil royalty. Most of Malaysia's oil now comes from offshore oil fields in four states - Kelantan, Terengganu, Sabah and Sarawak.

Only five percent royalty for oil producers

Under the Petroleum Development Act 1974, state oil company Petronas owns all the oil and gas fields. Petronas only reports directly to the prime minister, who currently returns five percent of the profits to the states.

Raja Kamarul said Razif should also check up on the status of a sovereign wealth fund set up by former Terengganu menteri besar Wan Mokhtar Wan Ahmad several decades ago.

Wan Mokhtar was menteri besar from 1974 to 1999. Under his watch, Terengganu set up a sovereign fund for future of the state as it was worried that the oil wealth would not last beyond 30 years.

The fund had invested in properties, logging and other business activities but it has remained silent after Wan Mokhtar lost his seat to PAS' Awang Jusoh in 1999 and was then posted overseas.

More than that, Raja Kamarul also urged Rafif to reduce Terengganu's reliance on oil revenue as the annual state budget is now nearly 90 percent reliant on the oil royalty.