October 8, 2012
Cronyism in a Oil as well as Gas Business
PKR secretary ubiquitous Dato' Saifuddin Nasution Ismail pronounced oil producing states would be means to work their respective oil operation through state government-linked companies should Pakatan Rakyat come to power.
Saifuddin pronounced this was different than a current practice."That is because a companies operating on oil fields have been owned by UMNO leaders' family. For example, dual oil fields in Kelantan have been owned by Dr Mahathir Mohamad's children," he pronounced during a ceramah with PAS Deputy President Mohamad Sabu in Kota Bharu yesterday.
The brand new deal, according to Saifuddin, forms part of PR's pledge if it wins a next ubiquitous election.In Kelantan, a Machang member of council pronounced there were twenty-three oil fields yet to be explored.
"Every oil field is estimated to be value RM3 billion. So to equivocate those oil fields being tranquil by UMNO leaders' family, a supervision in Putrajaya contingency be changed," he added.
In its alternative budget, PR pledged to enlarge royalty payment to 20 per
cent for petroleum-producing states, from a present five percent.
UMNO Youth arch Khairy Jamaluddin had oral out opposite a idea, observant it would affect a government's taxation revenue as well as profits for national oil company Petronas.
Earlier this week, a Kelantan state government, locked in a legal battle over unpaid oil royalties, was allowed by a Federal Court to p! oise que stions of law surrounding its suit opposite Petronas.
-Harakahdaily
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