AWARE.....How most Sabahans MP (excluding Raimi) wakeful a inorganic substance history as good as clandistine?
By : IR. NORDIN ABDUL-RAHMAN
PETRONAS not long ago came up with a little very sore excuses including a abating resources and/or sappy fields' arguments to surprise a people of East Malaysia (Sabah as good as Sarawak). For most decades right divided East Malaysians have been treated similar to fools as good as simpletons to hold which a oil fields have been running dry.
With code new record especially in scrutiny as good as drilling, a intensity oil reserves have been a lot some-more than you have been being made to believe.
Shell had been in existence in Borneo given they discovered their first oil good in Miri, a Grand Old Lady, in 1910. For decades, Shell had been extracting oil as good as gas from land fields to offshore fields all over Borneo.
Many foreign inorganic substance companies continue to exploit as good as explore a abounding inorganic substance natural resources of Borneo to a low waters in a South China Sea. With a decades of exploitation as good as production, a Royal Dutch Shell grew over a years to turn a hulk as a No.1 Fortune Global 500 companies in a universe with an asset value of US$ 345 billion as good as 2011 sum income of US$ 485 billion as good as distinction of US$ 31 billion.
Shell continues to exist until currently creation Miri a informal domicile for Asia/Pacific some-more than a century gi! ven a fi rst oil good in a world.
One day, a Malaysian politicians got smart as good as came up with a Petroleum Act 1974 which gave bieing born to Petronas an Act of Parliament which nationalized a inorganic substance resources of Malaysia.
By this act, all inorganic substance companies operating in Malaysia became Production Sharing Contractors (PSC) which boundary their extraction of inorganic substance resources after discovery with sure conditions as good as conditions.
By a Petroleum Act 1974, Petronas versed with a PSC picked up step by step from Shell from a Baram Delta to Semarang as good as all alternative fields via Sabah as good as Sarawak. Shell, without a inorganic substance abounding assets, progressively scaled down a workforce as good as confirmed usually their essential as good as core employees. Shell eventually motionless to sell as good as explode a tiny refinery in Miri.
From 1974, Petronas grew to turn an additional hulk product of East Malaysia a No. 68 Forture Global 500 companies in a universe with an asset value of about RM500 billion as good as 2012 sum revenues of US$ 97 billion as good as increase of US$ 22 billion. Petronas grew from strength to strength over a years.
At a single time, Petronas Twin Tower proudly hold a Guiness Book of Record's tallest identical tiwn tower in a world. Today, Petronas is in a Formula 1 Grand Prix calendar as good as is an general code name. There have been numerous some-more mentions as good as accolades of Petronas nationally as good as internationally.
The creation of Royal Dutch Shell as good as Petronas from a inorganic substance resources sounds fantastic. Even yet Petronas has been creation increase for decades now, Sabah as good as Sarawak do not have RM500 billion value of 'bacon' in reserves to be proud of unlike Petronas assets.
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Even yet Sabah as good as Sarawak accounted for 80 percent of a Malaysia's inorganic substance prolongation which contributes to 40 percent of a Federal Government annual income as good as I am not even talking about alternative resources such as oil palm as good as timber, shamefully, Sabah is a poorest state in Malaysia.
Brunei is dark in some-more aged to Sabah as good as Sarawak though Brunei has no foreign debt as good as a Brunei $ 1.00 is equal to RM2.50+. In a 70's B$ 1 equaled M$ 1.00. Brunei is wise enough to deposit as good as get valuable earnings from a inorganic substance income as good as be means to yield their adults with most something good to eat which Sabahans may not have listened of or let alone expect.
Our wanton oil is 'light honeyed wanton oil' which is of a aloft grade than wanton oil extracted from Middle East countries which have been 'heavy green crude' due to their high sulphur content. With a income you have been getting from a oil as good as gas Sabahans should not have to pay income tax just similar to a adults of Brunei, as good as a youths should not have to quarrel for a place as good as pay for their aloft education.
Education should be giveaway for all Sabahans! With a income you have been getting from a oil as good as gas, Petronas identical tiwn tower should have been located in Kota Kinabalu (not which you need it. We do not need props to progress a ego or miss of self certainty as you already know which you have been as good as good as as means as anybody)
After some-more than a century of explorations, exploitations, growth as good as extractions of a valuable inorganic substance resources in East Malaysia, where do all these leave us? Who can be hold accountable for a "petroleum resources drain" from a fields?
As it stands right divided you won't even be means to 'smell' a oil prior to it! is pipe d to Bintulu for refining. Why arethe refineries not built in Sabah? What can you design from right divided upon in to a future?
Those as good as most some-more questions arise for a special cabinet allocated by Prime Minister Najib to investigate a issue prior to submitting a proposal to a Federal Government. Najib usually targeted a investigate for a eastern states of West Malaysia (Terengganu as good as Kelantan) as if a an "election mouth service" since it was voiced so tighten to a 13th General Election.
In fairness, Sarawak as good as Sabah Chief Ministers jumped in during a right time to ask to be included in a study. Otherwise, for decades now, nothing has been done some-more about a 5 percent royalty. To-date, it has never been strictly as good as publicly voiced how a 5 percent kingship is subsequent as good as accounted for from a tangible prolongation as good as accounting.
The people of Sabah as good as Sarawak do not know what happened to a 5 percent which you get from a inorganic substance income from Petronas and/or a Federal Government. From a figures obtained from a internet, 5% of a net income amounts to about 1.10 billion ringgit.
The alternative subject for Sabah is, "Why does a supervision decide to spend billions to install a tube to Bintulu a distance of a little 500km?" Is there insufficient land to set up a refinery as good as storage armoured column for inorganic substance in Sabah?
Why is there no refinery in East Malaysia as two of a greatest inorganic substance producing states of Malaysia when a tiny refinery in Miri was sold as good as demolished by Shell? What justifications have been there to set up refineries as good as petro-chemical plants in Johor, Melaka as good as Negeri Sembilan which do not produce petroleum?
For East Malaysian, how can Petronas continue to brag us in ! to accep ting their sore explanations which a fields have been depleting, sappy as good as alternative excuses usually fit for kids (after some-more than a century Shell is here to stay as good as is still creation money)? It is right divided time for a people of Sabah as good as Sarawak to stand firm as good as not accept any excuses as good as vie for change.
They kept receiving divided all a precious resources (petroleum, timber, oil palm, et cetera) as good as gave us behind pittance. For example, elections after elections for almost half a century you listened about a Pan Borneo Highway to link Sabah as good as Sarawak though still until currently you have to drive patiently through Brunei as if a calm will final forever, not to discuss a abominable condition of a 'highway' to Kudat.
When a World Bank final year reported which you have been among a poorest of Malaysia states, within months they said you have recovered as if "Rome was built in a single day". Our inorganic substance resources have been valuable; as good as so have been a votes for a 13th General Election.
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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