It was reported that oil prices and larger volume of sales lifted Petroliam Nasional Bhd's (Petronas) full-year profit more than a third to RM63bil from RM45.5bil a year earlier. The national oil company said dividend payments to the Government would likely be 30% of the company's future net profit instead of a flat RM30bil annual payment.
Petronas will be increasing its capital expenditure and plans to invest RM300bil over the next five years in growing oil and gas production and reserves. Petronas' capital investments last year amounted to RM34.9bil.
Money spent to purchase oil and gas reserves internationally to improve the quality of such assets abroad will be in addition to its planned capex schedule.....
they export our good quality oil and gas, they buy/import low quality oil and gas from other country but sell it here as a good quality oil and gas product. their profit will become double. first profit is export our good quality oil and gas product to outside country, 2nd is bcoz they sell their low class oil and gas product to us as the high quality oil and gas product price. Poor Sabah and Sabahan.
ReplyDeleteThis is not bullshit. This is business. They are clever. We r NOT. We let them use our resources. We give them permission. Why complain. Dont you think they knew what they are doing and what we have been saying. They understand. But they put on deaf ear. Hahaha syabas Petronas! Keep up the good work! Keep on squeezing sabah till she dries. Why not just turn Sabah into another federal territory? So all these nonsense will not crop up anymore...
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