Stakes in Petronas: Chance for S'wak, Sabah to own global-class shares



Prime Minister Dr Mahathir Mohamad wants Sarawak and Sabah to consider Petronas’ position as a global oil company when studying the proposal to own stakes in the company.

Sarawak Chief Minister’s Office in a statement today said Mahathir made this point during his meeting with Chief Minister Abang Johari Openg and Sabah Chief Minister Mohd Shafie Apdal in Putrajaya on Monday.

“During the 90-minute meeting, the prime minister invited both Sarawak and Sabah to explore the idea of owning stakes in Petronas, taking into consideration that the national oil company is a global oil company, with concessions overseas, particularly in Central Asia, Africa and North America,” it said.

During the meeting, Abang Johari told Mahathir that Sarawak had to study the proposal in depth, saying that he wanted to strengthen the participation of state-owned oil and gas company, Petros, in the industry’s downstream and upstream activities in Sarawak.

- Bernama

Share this story


By posting a comment, you agree to our Terms & Conditions as stipulated in full here


Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.


Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.