PETRONAS-Petros deal to be inked shortly, says Abang Jo
KUCHING: The Sarawak and Federal governments are set to sign an agreement on the issues involving PETRONAS and Petros, says Tan Sri Abang Johari Openg.
The Sarawak Premier said this was expected to take place soon.
"Just wait in the next two days, there will be a document on the agreement between me and the Prime Minister (Datuk Seri Anwar Ibrahim)," he told reporters after launching the International Construction Week Borneo conference here on Tuesday (May 13).
ALSO READ: Federal Govt and Sarawak reach consensus on PETRONAS and Petros issues
Abang Johari said the agreement would include recognising both Federal and state laws besides acknowledging Petros as the sole gas aggregator in Sarawak.
"There will also be a commercial agreement which includes increasing our stake in LNG (liquefied natural gas)," he said.
Abang Johari was asked to comment on his meeting with Anwar on Friday (May 9).
In a statement, the Prime Minister's Office (PMO) said the Federal and Sarawak governments had reached a consensus on all issues involving PETRONAS and Petros through negotiations during the meeting, which included top officials from both petroleum companies.
The statement also said Anwar and Abang Johari agreed to finalise issues based on previously agreed principles to facilitate negotiations between PETRONAS and Petros.
ALSO READ: Sarawak to seek amiable solution on PETRONAS with federal govt, says Abang Johari
This will ensure that any potential identified from a PETRONAS-Petros collaboration can be fully explored and implemented effectively, it said.
Previously, PETRONAS confirmed that its subsidiary Petronas Carigali Sdn Bhd (PCSB) had received notices on April 30 from the Sarawak Utility and Telecommunication Ministry concerning gas processing and distribution.
The national oil firm told Bernama that PCSB is statutorily authorised under the Petroleum Development Act 1974 to undertake the company's activities and comply with all applicable laws in doing so.
The two firms, as well as the Federal and state governments, have been engaged in negotiations over Petros' role as Sarawak's gas aggregator.
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