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Petronas seeks court ruling on right to country's petroleum resources


KUALA LUMPUR: Petroliam Nasional Bhd 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.

The national oil corporation said on Monday it had filed an application before the Federal Court seeking for a declaration on the Petroleum Development Act 1974 (PDA) being the law applicable for the petroleum industry in Malaysia.

Corporate News , Oil & Gas

   

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