PETALING JAYA: PETRONAS has filed a motion at the Federal Court in Putrajaya to seek clarity on the applicable regulatory framework governing its operations in Sarawak, with the Federal and Sarawak governments named as respondents.
The application seeks the Federal Court to determine the legal position applicable to PETRONAS' operations in Sarawak, to ensure that the company continues to operate in full compliance with the applicable laws and sound governance practices.
PETRONAS said the court action is not intended to challenge Sarawak's development aspirations or hinder the role of Petroleum Sarawak Berhad (Petros) in the state's energy sector.
"The decision follows constructive engagements since 2024 with Petros and both the Federal and state governments through a series of dialogues and negotiations.
"While progress has been made on many commercial arrangements and partnerships – including the signing of Commercial Settlement Agreement (CSA) in 2020 – there have been differences which led to uncertainty in respect of the obligations applicable to PETRONAS," it said in a statement on Monday (Jan 12),
"PETRONAS thereby encourages all parties to respect and allow the judicial process to take its course and be resolved by the Federal Court and refrain from public commentary.
In the meantime, PETRONAS remains committed to safe, reliable and efficient operations in Sarawak.
"Business activities will continue as usual. PETRONAS will continue to strengthen its relationships with Sarawak's communities and industries and work constructively towards arrangements that would both advance Sarawak's development," read the statement.
