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Najib Assures Sabah Of More Revenue From Oil, Gas Resources

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KOTA KINABALU – Datuk Seri Najib Tun Razak has assured Sabah that it would continue to get more revenue from its oil and gas resources.

The prime minister said apart from the oil and gas royalty of five per cent, Sabah was also given a 10 per cent stake in Petronas LNG Train 9 Sdn Bhd in Bintulu, Sarawak, which would generate an additional revenue to the state and its people.

“That’s why I’d said, you can make a request, but let us negotiate and we have a formula that Sabah would receive more from the oil and gas revenue. This has been clarified by (Chief Minister) Datuk Musa Aman,” he said when opening the Pasokmomogun Kadazandusun Murut Organisation (Upko) Convention in Kota Kinabalu, Saturday.

Najib said even though the request for an increase in the oil and gas royalty had yet to be fulfilled, the 10 per cent stake given to Sabah in the Petronas project in Bintulu had met the goal of raising its revenue from oil and gas resources, albeit in a different way.

As the prime minister and minister responsible for Petronas, Najib said he would make sure that Sabah would get more revenue from its oil and gas resources. – BERNAMA


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