Can Najib unilaterally decides all things including investment in Sabah and how does Sabah benefit especially oil production investment??
NEW YORK: ConocoPhilips, among the world’s biggest oil producer from the United States, has invested US$1.5 billion (RM4.6 bilion) in Malaysia so far for oil production in offshore Sabah.
Prime Minister Najib Tun Razak said the company’s investment was to realise the 300,000 barrels per day production target in 2016.
“Conoco has invested in three areas off Sabah, but that takes end of 2013 for the first production, but the peak will be in 2016, where they expect the production to touch 300,000 barrels a day, about half of our current production,” Najib told Malaysian journalists after his meeting representatives of America’s leading corporate companies at Havard Club of New York here.
At the Business Roundtable Meeting with Leaders of Fortune 500 Companies, ConocoPhilips was represented by Don Wallette, executive vice-president (commercial, business development and corporate planning).
Najib said the company is expected to invest another US$5 billion (RM15 billion) in Malaysia.
“This is a development that will help us increase the oil production capacity of our country to a higher level,” he said.
Najib said America’s lobster breeding compay, Darden, will also start a huge investment to breed lobsters in Sabah waters for export to the United States.
Darden is the operator of America’s renowned seafood restaurant chain, Red Lobster and The Capital Grille.
“They have identified Sabah as a very suitable area for commercial scale lobster breeding on contract farming method.
“So, the local people can participate and they (Darden) will buy all the lobsters produced by the farmers in the area,” he said.
“This is a development that will help us increase the oil production capacity of our country to a higher level,” he said.
Asked on the project site, Najib said it would be in Semporna and Lahad Datu.
This is to ensure that all the oils from Sabah can be transported for their own benefits ... Now, this is the time for the Sabahan to raise their voice about this crime
ReplyDeleteJika untuk kegunaan sendiri, rasa-rasa harga minyak pasti murah.
Deletemoga dgn pelaburan ini, ia akan memberi byk manfaat kepada ekonomi Sabah.
ReplyDeleteHope that the ConocoPhilips investment of US$1.5 billion for the for oil production in offshore Sabah will help boost the economics of Sabah.
DeletePelaburan ini, pasti akan membantu ekonomi Sabah.
DeletePerkembangan ekonomi merupakan usaha bersama.
DeleteSemoga pelaburan ini memgaktifkan lagi ekonomi tempatan.
DeleteBanyak pelaburan di buat di Sabah, semoga keuntugan ekonomi di negeri ini meniingkat dan sekaligus membawa perubahan positif kepada rakyat.
ReplyDeleteDari negeri termiskin kepada negeri yang terkaya di Malaysia. tidak mustahik ka tu??
DeleteSabahans should be given the priorities to find job with these oil and gas projects.
DeleteHope that Sabah's oil and gas industry will get a boost from the investment of foreign companies. Who said Sabah failed to get much FDI?
DeleteTiada yang mustahil anon, Sabah bukan lagi negeri termiskin.
DeleteMasalah kemiskinan dapat diperbaiki dengan pelaburan yang berterusan.
DeleteHow can all these investments can benefit the people?
ReplyDeleteFor one it could boost the oil and gas sector in Sabah, create some job opportunities for locals and boost the local economy.
DeleteAda pihak yang mengatakan Najib menganaktirikan Petronas dengan memberi projek kepada syarikat Amerika.
ReplyDeleteBiasalah ada pihak yang tidak pusa hati dan menyebarkan khabr angin sahaja, yang pasti PM tau apa yang terbaik.
Deleteyang penting setiap yang dilakukan perlulah memanfaatkan rakyat.
DeletePasti banyak pendapatan yang diperolehi oleh rakyat Sabah dengan adanya pelaburan ni.
ReplyDeletependuduk Sabah harus mengambil manfaat dari pelaburan ini.
DeleteThese investments are supposed to benefit the state (Sabah).
ReplyDeleteThe people are equally beneficiaries of the same.
DeleteThis development is to increase oil production capacity in Sabah and the country at large.
ReplyDeleteSabah is indeed a suitable area for commercial scale.
ReplyDeleteMore development is highly expected in Sabah, before the end of the year.
ReplyDeleteLobster breeding in Sabah will improve the seafood production in the states. Good choice for Darden for investing in Sabah. Local people who are interested in commercial breeding of lobsters can participate in this project.
ReplyDeleteSo many new foreign investors in Sabah lately, US Fruit Product Giant DOLE might also be investing in the local fruit plantation sector.
ReplyDeleteState continues to see progress in several sectors of the economy, most notably in oil and gas, palm oil and tourism.
Deletestate government to further boost the oil industry in Sabah by creating investment opportunities in downstream activities.
ReplyDeleteOil industries would be the major income for the state.
DeletePerkembangan ekonomi dapat membaiki taraf hidup masing-masing. Semoga pelaburan yang positif di Sabah.
ReplyDeleteya, yang penting pastikan rakyat dapat menikmati kehidupan yang lebih baik.
DeleteSabah berpotensi tinggi menjadi pusat ekonomi Asia.
ReplyDeletePerkembangan industri dan sektor seperti minyak, penanaman, perikanan, pelancongan dll seakan membawa ekonomi ke peringkat yang lebih meningkat. Lokasi strategic Sabah akan menjadi faktor utama juga.
Deletedengan sumber yang ada, Sabah memang berpotensi untuk jadi lebih maju.
DeleteMalaysia tiada pelabur yang berpotensi?
ReplyDeleteSabah akan menjadi negeri terkaya dengan perkembangan industri yang berpotensi tinggi.
ReplyDeletesemoga Sabah akan terus maju ke hadapan selepas ini.
DeleteIni akan dapat meningkatkan lagi pendapatan negara kita dengan kehadiran pelabur dari luar.
ReplyDeleteharap ekonomi Sabah akan terus berkembang pesat.
ReplyDeletekalau ahli politik yang bagi pandangan, jawapannya ialah Sabah rugi.. mana boleh mereka cakap Sabah untung.. nanti hilang potensi mereka untuk rampas kerajaan.. kalau mereka yang tadbir negeri ini, barulah mereka cakap sabah untung biar pun duit itu terang2 masuk poket sendiri..
ReplyDeleteSABAH'S political stability, sound policies and focused economic directions are three key factors that have caught the attention of the country's business community.
ReplyDeleteAssociated Chinese Chambers of Commerce and Industry of Malaysia president Tan Sri William Cheng Heng Jem said this after leading a delegation for a meeting with Chief Minister Datuk Seri Musa Aman.
ReplyDeleteRapid economic development has taken place in Sabah. It looks different and the economic landscape is different adding that the three factors were prerequisites investors looked for in a country or state.
ReplyDeleteSabah is rich in natural resources, such as timber, minerals, oil and gas. However, what is important is it takes the right leadership to take the state to greater heights.
ReplyDeleteCheng said tourism and agriculture, including aquaculture, were doing well in the state and had the potential to grow.
ReplyDelete"I am also told that Sabah has strong environmental conservation laws.
ReplyDelete"This is also good in terms of ecotourism."
ReplyDeleteMeanwhile, Musa said investors were interested in Malaysia because of the conducive atmosphere, good government policies and stable politics under the able leadership of Prime Minister Dauk Seri Najib Razak.
ReplyDeleteHe said the environmental laws on conservation had a long-term positive impact on the overall development of the state.
ReplyDeleteProtecting the forests, phasing out logging and focusing on reforestation means that future generations can once again have tropical rainforests, which had been logged, in 30 to 40 years' time.
ReplyDeleteSimilarly, he said a clean and unpolluted environment helped to draw investors to Sabah.
ReplyDeleteCiting a United States-based multinational company, Darden Incorporated, he said the food giant had committed about US$2 billion (RM6.3 billion) to develop lobster farming off the coast of Semporna because the water was not polluted.
ReplyDelete"They also told me that another important reason why they chose to invest here was because of the prevailing economic and political stability in Malaysia."
ReplyDelete