Sarawak govt disappointed over postponement of Petronas' court case

Petroliam Nasional Bhd (Petronas) and a consortium led by Japan's JXTG Holdings Inc are among the companies interested in buying a stake in India's Bina oil refinery, a source close to the matter said.

KUCHING: Sarawak is disappointed that the Federal Court has postponed the hearing of Petronas' application for leave to start proceedings against the state government to June 21 over the country's petroleum resources.  

Petronas has gone to court to declare that under the Petroleum Development Act 1974 (PDA), it is the exclusive owner of the petroleum resources in the country, including Sarawak.