KOTA KINABALU: Datuk Seri Hajiji Noor has told local contractors to work closely with Petroliam Nasional Bhd (PETRONAS) to ensure greater oil and gas revenue sharing for Sabah in the whole value chain.
The Chief Minister said it was important for contractors to cooperate with the national oil company in upstream liquefied natural gas (LNG), petrochemicals as well as oil and gas services.
"The Sabah government and PETRONAS have set targets,” he said during the commemoration of Sabahan vendors' participation in the oil and gas services equipment (OGSE) industry at the Shangri-La Tanjung Aru Resort and Spa on Thursday (Oct 5).
“I look forward to PETRONAS’ continuing leadership and commitment to supporting the local contractor participation in the oil and gas services business," he added.
Finance Minister Datuk Seri Masidi Manjun delivered the Chief Minister's speech.
Also present were state secretary Datuk Seri Safar Untong, Sabah Attorney-General Datuk Nor Asiah Mohd Yusof, PETRONAS president and group CEO Tan Sri Tengku Muhammad Taufik Tengku Aziz and PETRONAS senior vice president, (project delivery & technology, Datuk Bacho Pilong
Hajiji said the ceremony marked another significant milestone, with 25 local companies in the OGSE industry being commemorated - an increase of 10 more companies since last year.
"This is the culmination of the remarkable collaboration between the Sabah government and PETRONAS, one that underscores the immense potential that exists when both parties join hands for a common purpose," he said.
He added the state government and PETRONAS’ consultative and realistic approach to developing the local vendors was a testament to the commitment of both parties to nurture and empower local vendors to participate in the oil and gas industry competitively.
"It reflects a shared vision of harnessing our knowledge, talent and commitment to create opportunities for economic growth, job creation and technological advancement," he said.
Hajiji said local vendors have demonstrated commendable capabilities and dedication, often facing challenges head-on to excel in a highly competitive industry.
He said their success stories are not just tales of individual triumph but testimonials of Sabah's potential to become a powerhouse in the oil and gas sector.
"This partnership will undoubtedly stimulate innovation and drive the growth of our local industry and the industry players, resulting in a win-win situation for all stakeholders involved,” said Hajiji.
"As we move forward, it is crucial that we maintain a steadfast commitment to a competitive and sustainable mindset,” he added.
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