tag:blogger.com,1999:blog-91079129300086979.post2220654346613417712..comments2023-11-05T16:21:14.571+08:00Comments on WikiSabah: Who Owns the Oil in Sabah & Sarawak?Unknownnoreply@blogger.comBlogger61125tag:blogger.com,1999:blog-91079129300086979.post-26504312436936770632014-11-04T16:58:36.115+08:002014-11-04T16:58:36.115+08:00“But, the subject of ownership of petroleum (today...“But, the subject of ownership of petroleum (today, an important source of national wealth with current high global energy prices), found both on land and in the continental shelf of the States of Sabah and Sarawak which lies within the boundaries of Sarawak, was never a matter brought up to the Inter-Governmental Committee and hence, not included in its Report. "<br /><br />Please correct the above statement. Petroleum and minerals attached to land belongs to Sabah and are matters brought under point no. 20 ;<br /><br />Which reads :-<br />Point 20: Land, Forests, Local Government, etc.<br />The provisions in the Constitution of the Federation in respect of the powers of the National Land Council should not apply in North Borneo. Likewise, the National Council for Local Government should not apply in North Borneo.[8][9]<br /><br />SABAH TODAY : <br /> wwwsabahtoday.blogspot.comSABAH TODAYhttps://www.blogger.com/profile/12105695481230482598noreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-31894772714532014502012-11-30T13:57:50.687+08:002012-11-30T13:57:50.687+08:00Also present at the function were Deputy Chief Min...Also present at the function were Deputy Chief Minister Datuk Dr Yee Moh Chai, SEC chairman Au Kam Wah and SEC executive officer Dato' Harun Ismail.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-44465032518185430392012-11-30T13:57:45.177+08:002012-11-30T13:57:45.177+08:00Globalisation demands that we keep up with a fast ...Globalisation demands that we keep up with a fast paced world in order to remain competitive and relevant, he said matter-of-factly. <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-74980076345549797922012-11-30T13:57:37.022+08:002012-11-30T13:57:37.022+08:00The Chief Minister also encouraged SEC and other g...The Chief Minister also encouraged SEC and other government-linked companies to constantly think out of the box and create ventured that would enhance their worth. <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-29642004147096539252012-11-30T13:57:27.188+08:002012-11-30T13:57:27.188+08:00"With your track record, I am confident that ..."With your track record, I am confident that you will play a significant role in Sabah's future growth, specifically through the oil and gas sector. I am also happy to note that SEC has also consistently declared dividends to the state government and I wish you continued success," said Musa.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-54907075371793270662012-11-30T13:57:17.314+08:002012-11-30T13:57:17.314+08:00For the SAMUR initiative, SEC which had transforme...For the SAMUR initiative, SEC which had transformed into a dynamic and credible company since its establishments in 1981, has been appointed as an associate to the consortium running the project. <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-75199751721615335632012-11-30T13:57:06.500+08:002012-11-30T13:57:06.500+08:00With SEC proven track record, the Chief minister i...With SEC proven track record, the Chief minister is confident that SEC will play a significant role in Sabah's efforts to maximise local participation in the oil and gas industry.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-68930601978680284112012-11-30T13:56:57.631+08:002012-11-30T13:56:57.631+08:00For the SAMUR initiative, SEC which had transforme...For the SAMUR initiative, SEC which had transformed into a dynamic and credible company since its establishment in 1981, has been appointed as an associate to the consortium running the project. <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-45258540065529305972012-11-30T13:56:49.096+08:002012-11-30T13:56:49.096+08:00He added that SEC has been given the task to be a ...He added that SEC has been given the task to be a key facilitator in Sabah's efforts to maximise local participation in the oil and gas industry.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-50779259978988454272012-11-30T13:56:39.374+08:002012-11-30T13:56:39.374+08:00It is in Musa wishes that locals would gained fro...It is in Musa wishes that locals would gained from quality employment and the creation of new entrepreneurs as the sector grows in years to come. <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-12298446892254242652012-11-30T13:56:30.027+08:002012-11-30T13:56:30.027+08:00Musa also said oil and gas was an exciting industr...Musa also said oil and gas was an exciting industry and urged those keen to participate to play an active role as there were many opportunities - key among them would come from the downstream sector.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-89078029925535905252012-11-30T13:56:20.739+08:002012-11-30T13:56:20.739+08:00To meet the demand for electricity and to ensure t...To meet the demand for electricity and to ensure that it comes from cleaner resources, gas-fired power plants costing billions of ringgit are coming up in Kimanis and Lahad Datu, each with 300mw capacities. <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-37915839155304140932012-11-30T13:56:11.680+08:002012-11-30T13:56:11.680+08:00In order to achieve this goal, he said the state g...In order to achieve this goal, he said the state government was collaborating with Petronas to channel the benefit of oil and gas in invigorating the local economy where efforts were already materialising through several projects such as the Sabah Oil and Gas Terminal, the Sabah-Sarawak Gas Pipeline, Sabah Ammonia Urea Project (SAMUR) and the Sipitang Oil and Gas Industrial Park.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-6024066422230648662012-11-30T13:56:02.109+08:002012-11-30T13:56:02.109+08:00Musa meanwhile stressed that the state government ...Musa meanwhile stressed that the state government was committed to making the best use of oil and gas reserves found offshore of Sabah.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-25125770128380804102012-11-30T13:55:51.258+08:002012-11-30T13:55:51.258+08:00Today, the focus, he said, has shifted to the oil ...Today, the focus, he said, has shifted to the oil and gas sector and therefore motioned that all concerned do not miss the opportunity of leveraging on benefits of these two resources through the creation of value-added sectors locally. <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-5843045555539110122012-11-30T13:55:41.370+08:002012-11-30T13:55:41.370+08:00He admited that in the past, the state government ...He admited that in the past, the state government did not place enough emphasis on adding value to timber, which could have created untold spinoffs for the state and the people.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-12462320945377158532012-11-30T13:55:29.781+08:002012-11-30T13:55:29.781+08:00On the issue of oil and gas reserves, he noted tha...On the issue of oil and gas reserves, he noted that that in the case of our timber sector, Sabah did not take full advantage of the resource and instead focused on exporting round logs. <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-30904366677804988452012-11-30T13:55:18.234+08:002012-11-30T13:55:18.234+08:00From a macro level, he said oil that commanded a p...From a macro level, he said oil that commanded a premium prices in the overseas market could be exported to bring in more foreign exchange to the country. <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-32455813569229910592012-11-30T13:55:08.914+08:002012-11-30T13:55:08.914+08:00Musa encourageSEC to actively pursue these options...Musa encourageSEC to actively pursue these options as he is optimistic to seethe benefits of natural gas made available throughout the state.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-24682593495796779322012-11-30T13:55:00.825+08:002012-11-30T13:55:00.825+08:00SEC is currently exploring the possibility of brin...SEC is currently exploring the possibility of bringing natural gas to the east coast of Sabah, and south to the Sipitang area. <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-59375959373258097602012-11-30T13:54:51.704+08:002012-11-30T13:54:51.704+08:00This virtual pipeline is an alternative, and t was...This virtual pipeline is an alternative, and t was noted that SEC has taken the initiative to introduce this technology in Malaysia. <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-38957695855902356662012-11-30T13:54:40.929+08:002012-11-30T13:54:40.929+08:00Due to these factors, it is not economical for SEC...Due to these factors, it is not economical for SEC to distribute natural gas through the conventional way of underground pipelines.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-46417594586332122922012-11-30T13:54:31.724+08:002012-11-30T13:54:31.724+08:00The Chief Minister added that currently the natura...The Chief Minister added that currently the natural gas market handled by SEC was small and geographically scattered. <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-21891261311433801772012-11-30T13:54:06.541+08:002012-11-30T13:54:06.541+08:00There was a lot of effort put into this matter ...There was a lot of effort put into this matter ensuring all required issues were resolved to the satisfaction of all parties concerned.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-91079129300086979.post-37296736540031670302012-11-30T13:53:57.499+08:002012-11-30T13:53:57.499+08:00In addition, SEC also signed two natural gas sales...In addition, SEC also signed two natural gas sales and purchase agreements with Ching Kuan Holdings Sdn Bhd and Colourcoil Industries Sdn Bhd. <br /><br />Anonymousnoreply@blogger.com