Sabah STAR's chairman, Dr Jeffrey Kitingan |
“The Sabah government should take this golden opportunity to demand and sign a new and better oil agreement with Petronas and the federal government” said Datuk Dr. Jeffrey Kitingan, Chairman of STAR Sabah in response to the statement given by the Chief Minister that the State’s 5% petroleum royalty review issue is open for amicable discussions with the federal government.
“If the Chief Minister is truly a Sabahan at heart, this is the most opportune time to not only seek a review but to demand and negotiate a new deal for Sabah’s oil and gas resources for the benefit of Sabah and its future. It cannot be denied that any increase in the oil revenue including the offer of 20% by Pakatan Rakyat is definitely for the benefit of Sabah and Sabahans” added Dr. Jeffrey.
Theold oil agreement is nearly 4 decades old and a new oil deal is certainly needed for the future of Sabah. The so-called review will also test the sincerity of the federal government and the Sabah leaders as well as the extent of the federal-state relationship.
“If the Chief Minister is truly a Sabahan at heart, this is the most opportune time to not only seek a review but to demand and negotiate a new deal for Sabah’s oil and gas resources for the benefit of Sabah and its future. It cannot be denied that any increase in the oil revenue including the offer of 20% by Pakatan Rakyat is definitely for the benefit of Sabah and Sabahans” added Dr. Jeffrey.
Theold oil agreement is nearly 4 decades old and a new oil deal is certainly needed for the future of Sabah. The so-called review will also test the sincerity of the federal government and the Sabah leaders as well as the extent of the federal-state relationship.