Latest news with #MalaysiaPetroleumResourcesCorporation
Borneo Post
02-05-2025
- Business
- Borneo Post
Sarawak's right to regulate gas fully backed by MA63, Federal Constitution, says Kota Sentosa rep
Yap emphasises that Sarawak is not merely one of the states in Malaysia but an equal partner in the federation under MA63. – Photo by Chimon Upon KUCHING (May 2): Sarawak's regulatory authority over its gas resources is legally sound and compliant with the Malaysia Agreement 1963 (MA63), said Kota Sentosa assemblyman Wilfred Yap. His remark came in response to former Malaysia Petroleum Resources Corporation official Jamil Ghani, who warned that Sarawak's move could trigger 'an unmanageable federal-state regulatory overlap', potentially encouraging other states to follow suit and creating a 'regulatory nightmare'. Yap, who is a lawyer, dismissed the comparison as flawed, saying Sarawak's constitutional status is unlike that of the peninsula states. 'Unlike other states, Sarawak's autonomy over its resources is enshrined in MA63. 'Jamil's hypothetical scenario of other states imposing similar requirements does not apply, as they do not possess the same legal and historical safeguards,' he said in a statement. Yap emphasised that Sarawak is not merely one of the states in Malaysia but an equal partner in the federation under MA63, adding that the Federal Constitution and MA63 provide Sarawak with legislative and executive authority over its natural resources including gas. 'The Distribution of Gas Ordinance 2016 is a lawful exercise of this authority, and Petronas, like any other entity operating in Sarawak, must comply with Sarawak laws.' He added that the Sarawak Utility and Telecommunication Ministry had recently issued a notice to Petronas Carigali for operating the Miri Crude Oil Terminal (MCOT) without a license, in violation of Section 7(e) of the DGO. 'The company was given 21 days to comply or face penalties under Section 21A. 'The MCOT may have operated under federal mandate for decades, but that does not exempt it from complying with Sarawak's laws. 'Sarawak has every right to regulate its gas distribution to ensure orderly and lawful operations within its territory,' he said. In view of this, Yap also urged public figures to be better informed about Sarawak's legal rights before making sweeping remarks. 'It would be proper for individuals like Jamil to first understand the legal and constitutional framework governing Sarawak's rights before making sweeping remarks. 'MA63 is not a trivial matter; it is the foundation of Sarawak's partnership in Malaysia. 'This is not about confrontation but about ensuring compliance with the law. Sarawak will continue to assert its rights in a manner consistent with the Federal Constitution and MA63,' he said. MA63 Malaysia Petroleum Resources Corporation oil and gas Wilfred Yap
The Star
29-04-2025
- Business
- The Star
OGSE industry must embrace tech, digitalisation, new energy sources
Malaysia Petroleum Resources Corporation president and chief executive officer Mohd Yazid Ja'afar KUALA LUMPUR: The oil and gas services and equipment (OGSE) industry must embrace tech adoption, digitalisation and new energy sources such as hydrogen, and carbon capture, utilisation and storage (CCUS) despite the challenges posed in the energy transition. Malaysia Petroleum Resources Corporation (MPRC) president and chief executive officer Mohd Yazid Ja'afar said global economic uncertainties, shifting international policy directions, and technological disruptions are reshaping energy markets in real-time. "These include new tariffs from the United States (US), in particular on solar products, including those from Malaysia (at 34 per cent), which are bound to affect global renewable markets. "Geopolitical conflicts continue to impact oil prices and global energy security. The recent gas leak incident at Putra Heights has also called attention to the importance of ensuring energy security in the face of energy transition and to the critical need for diverse and affordable energy sources to keep our energy supply secure,' he said in his welcoming address at the OGSE100 Chief Executive Officers (CEOs) Forum 2025 here today. Moreover, he said the emergence of a regional imbalance in the push for sustainability involving Europe and the US versus the rest of the world may impact the pace of sustainability and environmental, social and governance (ESG) adoption within the industry. The forum "Driving Sustainable Energy Innovation Globally' is organised by MPRC and is in its second annual edition. - Bernama
