Petronas to allocate RM2.1 billion yearly for Sarawak contractors


By YU JI

KUCHING: Petronas has agreed to allocate RM2.1bil of its oil and gas contracts exclusively to Sarawak-based contractors annually.

Assistant State Communications Minister Datuk Lee Kim Shin revealed this during Chinese New Year, saying it was one of the outcomes reached in the on-going negotiations between Sarawak, the federal government and the national oil company for more oil royalties for the state.

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Sarawak , Petronas , oil and gas royalties

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