Thursday, October 24

Formula to claim 20% oil royalty – Shafie


A MOMENT OF SILENCE: Chief Minister Datuk Seri Panglima Mohd Shafie Apdal and Head of State Tun Datuk Seri Panglima Juhar Mahiruddin together with dignitaries observing a moment of silence in respect for fallen heroes at the State-level Warriors Day commemoration held at Likas Sport Complex Multi-Purpose Hall on Tuesday.

KOTA KINABALU: Chief Minister Datuk Seri Panglima Shafie Apdal has stressed on the importance of having a formula to claim the 20 percent oil royalty.

Shafie said that no formula was mentioned in the party’s manifesto in its claim for the 20 percent oil royalty.
“There will be a discussion to ensure the claim for the oil royalty can be addressed effectively,” he said after attending the Sabah level Warriors Day celebration held at the State Sports Complex near here yesterday.

The Chief Minister said there had been no mention of the formula that would be adhered to in the manifesto to achieve the claim.

He also said that the oil royalty claim was close to the hearts of the people of Sabah and Sarawak which are oil producers in the country.

Shafie also stressed that he wanted the matter to be discussed as a family and he needs to meet with the Prime Minister, Tun Dr Mahathir Mohamad and Petronas.

“We will not announce the matter out in the open because we need to find a resolution to the issue,” he said.
Shafie said on Sunday that the Sabah state government would form a committee to discuss and refine the 20 percent oil royalty issue.

He said the committee would refine the terms with the Federal Government, especially with the Prime Minister.

Recently, Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said the federal government could not expedite the granting of 20 per cent oil royalty to petroleum producing states because it was stipulated under the Petroleum Development Act 1974 that the royalty was based on gross profit and not net profit.

On the Warriors’ Day celebration yesterday, Shafie said that it is an annual event to commemorate and appreciate members of the security forces who defended the nation.

He reminded that some have defended the nation to the point of sacrificing their own lives.

The event was graced by the Yang Dipertua Negeri of Sabah, Tun Juhar Mahiruddin, who inspected a guard-of-honour comprising 40 officers and personnel of the 7th Battalion Royal Malay Regiment based in Tawau.

Deputy Chief Minister Datuk Jaujan Sambakong; Task Force 450 Commander Major General Datuk Zulkapri Rahamat; Sabah Police Commissioner Datuk Ramli Din and state Cabinet ministers also attended the event.