Oil royalty based on profit – PM

PM defines oil and gas royalty as a percentage of the profit made from the sale of the natural resources KUCHING: Prime Minister Tun Dr Mahathir Mohamad defines oil and gas royalty as a percentage of the profit made by Petronas... more »

Royalty or profit sharing?

Dr Mahathir backtracked on his announcement on 20 per cent royalty by saying the payment will be based on profit KUCHING: Prime Minister Tun Dr Mahathir Mohamad cast doubt over his own announcement in the Dewan Rakyat that Pakatan Harapan... more »

‘Seek solution out of court’

Minister calls on Petronas to withdraw suit on exclusive oil and gas rights in S’wak, says Malaysia Agreement 1963 supersedes Petroleum Development Act 1974 KUCHING: Minister of International Trade and E-Commerce Dato Sri Wong Soon Koh waxed philosophical when asking... more »
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