Sarawak set to change O&G industry

This week, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz (file pic) tweeted that there had been a three-day long discussion between the three parties in Putrajaya to discuss the Malaysia Agreement 1963.

THE ongoing discussion between officials from Sarawak, Petroliam Nasional Bhd (Petronas) and the federal government is one that is being closely watched by all parties.

The outcome of the talks is likely to be historic for Malaysia’s oil and gas (O&G) sector. It could also have an impact on the coffers of both the federal government and that of the state of Sarawak. Petronas’ earnings and business activities are also at stake.