Petronas takes Sarawak to court, may lose at the UN

The skirmish between Petronas and Sarawak for control over Sarawak’s Oil & Gas resources just got upped. Petronas is taking the issue to Malaysia’s Federal court for clarification. This could get messy.

/ *edit* (to include one of my later comments below).

Get the facts right concerning the Petroleum Development Act 1974 and the Malaysia Agreement 1963.

Petronas will likely win a Malaysia Federal court case, but Petronas will likely *lose* the case in the United Nations if Sarawak decides to escalate this to international court in the U.N.

FROM THE THREAD

Tom's notes 24

  1. Tom Kirkman

    You can download a copy of the Petroleum Development Act 1974, the latest revision is 2013, if I recall correctly.

    In my view, it's long overdue for the PDA to be re-looked at and re-negotiated. 5% royalty is too small. I've mentioned this before, and I'll see if I can dig up some of my previous comments about this.

  2. Tom Kirkman

    You can download a copy of the Petroleum Development Act 1974, the latest revision is 2013, if I recall correctly.

    In my view, it's long overdue for the PDA to be re-looked at and re-negotiated. 5% royalty is too small. I've mentioned this before, and I'll see if I can dig up some of my previous comments about this.

  3. Tom Kirkman
  4. Tom Kirkman
  5. Tom Kirkman

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