Sabah hoping for 20% oil and gas royalties

  • Nation
  • Wednesday, 25 Sep 2019

KOTA KINABALU: Sabah is hoping that the promised increase of oil and gas royalties to the state will be included in the Federal Government’s Budget 2020.

Chief Minister Datuk Seri Mohd Shafie Apdal said Pakatan Harapan had promised to give Sabah 20% of the royalties during the 14th General Election.

He said the royalties and other federal fiscal commitments were stated in the Malaysia Agreement 1963.

“We are in constant discussions on the matter and hope that Budget 2020 will reflect the constitutional dues to the state.

“This is an issue that has been harped on in every election.

“People are asking why Sabah, as an oil-producing state, is not enjoying its revenue from oil and gas,” he said after visiting Sabah Shell headquarters here yesterday.

Shafie added that he had spoken to Finance Minister Lim Guan Eng about the need for more money to the state.

“This was one of the promises they made in the manifesto.

“I have indicated the matter to Putrajaya and 20% is not much compared to what they have got,” he said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

oil , gas , royalties , Sabah


Did you find this article insightful?


Across the site