Petronas fires back at Sarawak; its arrogance may backfire
Petronas fires back at Sarawak in the dispute over oil rights.
● Petronas has in its side:
> the Petroleum Development Act 1974
– (a local Malaysian statute)
● Sarawak has on its side:
> the Malaysia Agreement 1963
– (an international agreement between U.K., Peninsular Malaysia, Sarawak, Sabah and Singapore)
and also
> the Sarawak Oil Mining Ordinance 1958
– (a local Sarawak statute)
It seems that Petronas is totally unwilling to compromise with Sarawak. In my opinion, that unwillingness is unwise.
Sarawak lawyer has previously stated that Sarawak will comply with Malaysia Federal regulations, but they also want Petronas to comply with Sarawak State regulations.
Petronas arrogance might end up being a footbullet in this dispute.
Note that Sarawak, Sabah, Singapore and Peninsular Malaya joined together AS EQUAL PARTNERS to form the country of Malaysia.
