Hajiji: New deal inked with Petronas will boost Sabah's oil and gas revenue

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KOTA KINABALU: Petronas is giving Sabah up to 25% share at cost without premium in liquefied natural gas projects via its subsidiaries.

This follows the commercial collaboration agreement signed between Petronas and Sabah on Tuesday , where payments would be made via deferment or dividends from the projects involved.

He said through the CCA, Sabah would enjoy greater revenue sharing, greater participation, and more say in the sector. He added that a special committee to discuss this special grant had also been formed to continue negotiations with the Federal government.

 

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