About Brunei Darussalam, Yes, Brunei forever grateful to the late and beloved Sultan Omar Ali Saifuddin III
of Brunei Darussalam, for his wise decisions on not to join Malaysia, otherwise, we would be
one of the top 3 poorest state in Malaysia... as what is happening in
the 3 oil producing states in Malaysia now.
2008/05/14 New Straits Times...
Oil royalty to states stays at 5%
THE 5% royalty going to Sabah, Sarawak and Terengganu on oil and gas extracted by Petronas will not be reviewed.
Minister in the Prime Minister's Department, Senator Datuk Amirsham A.
Aziz, said financial considerations prevented the government from
acceding to their requests for an increase in royalty.
This was because any increase in royalty to the states
would eat into the 10 per cent royalty the government received from Petronas.
He
was replying to a supplementary question from Alexander Nanta Linggi
(BN-Kapit) on whether the federal government would look into increasing
its royalty from 10 per cent to 20 per cent.
To another
supplementary question from Datin Seri Dr Wan Azizah Wan Ismail
(PKR-Permatang Pauh), Amirsham said the formula involving royalty on oil
and gas saw the government receiving 10 per cent, of which five per
cent was given to the three states.
To the
original question from Dr Wan Azizah, Amirsham said that between 2004
and last year, Petronas paid a total of RM26.839 billion in royalty to
the federal government, Sabah, Sarawak and Terengganu.
The Federal Government received RM13.4 billion, Terengganu (RM7.3 billion), Sabah (RM1.2 billion) and Sarawak (RM4.8 billion).
Amirsham
said that based on current oil extraction methods, crude oil and oil
condensates were expected to last 22 years while gas reserves would last
39 years.
"Even though there are many years for the reserve
period (oil and gas) to expire, the fact is that the country also
imports oil and gas to meet some local energy needs.
"Thus, the country is expected to be a net energy importer by 2014," Amirsham said.
To
another question, Amirsham said oil production in Terengganu, Sabah and
Sarawak for the financial year ending March 31, last year, stood at
241.3 million barrels of crude oil.
Gas production was 2,081.4 billion square feet, he added.
He
said crude oil and gas products exported by the subsidiaries of
Petronas were sold at current world prices whereas the price for
domestic sale of gas-based products for the electrical and
non-electrical sector was fixed by the government.
------------------------------------------
The
Sabah, Sarawak and Trengganu people are angry that the Federal
Government is refusing to increase the oil royalty and some bloggers
mentioned that Bruneians were lucky to opt out of Malaysia when it was
formed in 1963.
Yes,
we are forever grateful to our late and beloved Sultan Omar Ali Saifuddin III
for his wise decisions on not to join Malaysia, otherwise, we would be
one of the top 3 poorest state in Malaysia... as what is happening in
the 3 oil producing states in Malaysia now.
source
http://phoenix4bn.blogspot.com/2008/05/we-are-forever-grateful-to-our-late.html
