Machang MP Wan Ahmad Fayhsal Wan Ahmad Kamal urges a ‘win-win’ solution to oil royalty disputes, saying any solution reached must not come at the expense of Petronas’s strength.
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https://www.freemalaysiatoday.com/category/nation/2025/05/01/opposition-ready-to-strengthen-pda-defend-petronas-says-wan-fayhsal
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https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/05/01/pembangkang-sedia-perkukuh-pda-pertahan-petronas-kata-wan-fayhsal
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#FMTExclusive #Petronas #Sarawak #WanAhmadFayhsal
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https://www.freemalaysiatoday.com/category/nation/2025/05/01/opposition-ready-to-strengthen-pda-defend-petronas-says-wan-fayhsal
Laporan Lanjut:
https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/05/01/pembangkang-sedia-perkukuh-pda-pertahan-petronas-kata-wan-fayhsal
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NewsTranscript
00:00Perikatan National is ready to support efforts to strengthen the Petroleum Development Act 1974.
00:08This is what Macang MP Wan Ahmad Faizal Wan Ahmad Kamal said in an exclusive interview with FMT,
00:15cautioning against any move that could weaken Petronas given its vital role in Malaysia's economic growth.
00:22If the Prime Minister requires Petronas to be strengthened in terms of its governance and independence,
00:31so being it, as opposition, I will support that call to ensure that PDA remain intact and effective for Petronas to deliver the benefit for the rakyat.
00:43Petronas is a geoeconomic institution. It just doesn't generate cash for the country but also develop talent.
00:52expertise and also a good diplomatic channel for Malaysia to venture abroad.
00:58So why kill our best player in the team when you cannot even produce the same kind of player in the next 10 and 20 years?
01:06So as a politician who thinks about the future of our country, I would defend Petronas to the last mile.
01:15The PDA grants Petronas ownership in and control over all upstream and downstream oil and gas activities in Malaysia.
01:23Sarawak has recently claimed it is entitled to exploit oil and gas reserves in and around the state, despite the PDA assigning exclusive rights to Petronas.
01:33Such grouses are normal in negotiation with regards to national resources.
01:42It's not only Sarawak who are unhappy.
01:44Whatever the issues are, it has to be discussed on the discussion table and it has to be a win-win proposal.
01:53And it must not weaken Petronas at all costs. If the issue is about royalty, then we have to find ways for Petronas to increase their revenue and profit so that they can give more to Sarawak, Sabah, Terengganu, Kelantan.
02:14Wan Faizal also reaffirmed the opposition's commitment to securing oil royalties for Kelantan, but stressed the need for creative solutions beyond just cash payments.
02:25Kelantan state government has never wavered in their quest to seek justice on the Petronas or oil royalty that has been denied for years to the Kelantanese people.
02:39So this will be continuously pursued by all Kelantanese politicians, including myself, because I think that's the right thing to do.
02:48Sarawak currently receives a 5% oil royalty from Petronas.
02:53On the other hand, Kelantan receives discretionary wang Ehsan payment from the federal government for petroleum extracted beyond the state's territorial waters.
03:02Narutha Raja, FMT.