Thursday, May 17, 2018
Oil and gas firms must follow state laws from July 1, says Abang Jo
KUCHING - Sarawak Chief Minister Abang Johari Openg says with effect from July 1, 2018, oil and gas (O&G) industry players must abide by state laws such as the Oil Mining Ordinance (OMO) 1958 and Gas Distribution Ordinance (GDO) 2016.
He said the state will continue to cooperate with the federal government and Petronas to ensure the local O&G industry continues to flourish and contributes to the country’s economic growth.
“We will update the federal government and its agencies on the steps taken to regulate the O&G industry in accordance with state laws.
“Sarawak will be fair and conducive when enforcing laws to improve investor confidence in the (O&G) industry,” Johari said at the O&G Industry Engagement Session on the OMO, GDO and state land code here today.
The chief minister said the state government has always followed an open economic model and welcomes foreign investors, such as Shell, to strengthen and grow the O&G sector.
“Moving forward, I guarantee that the state will continue to work together with all stakeholders to preserve the existing values and open more opportunities in the O&G industry for the benefit of Sarawakians,” he said. - FMT
Posted by wikisabah at 2:35:00 PM