Azalina: Petronas’s Sarawak Oil & Gas Rights Secure Under PDA 1974

Law and institutional reform minister Azalina Othman Said reaffirmed that Petronas’s rights over Malaysia’s oil and gas resources, including in Sarawak, remain safeguarded under the Petroleum Development Act 1974 (PDA). She said Petronas retains “exclusive privileges to explore, exploit, obtain, and acquire petroleum” nationwide. Responding to concerns about Sarawak’s claims via state-owned Petros, Azalina noted Petronas has signed collaboration agreements with both Sabah and Sarawak, creating varying ownership and profit structures due to state policies, equity participation, and industry conditions.

Sarawak Oil

Quotes:

“Petronas is vested with the ownership of petroleum… as provided for under the Act.”

“The implementation and outcomes might vary depending on the oil and gas industry landscape.”

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