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Sabah only get 5% share of its oil production
while peninsula getting the most |
By Edward Linggu
TAMPARULI: The proposed Petroleum Fund for Sabah suggested by Pakatan Rakyat is not the only right solution for Sabah.
Obviously, the Petroleum Fund is better than nothing under the BN Government, there are better ways to ensure the Government and people of Sabah benefit from its oil resources.
Although there have been reports of new oil and gas finds off the coast of Sabah including its inner waters and the inking of the RM37 billion joint venture by Petronas a few days ago, it has to be remembered that Sabah’s oil and gas resources are a depleting resource.