KUALA LUMPUR, March 20 — Gua Musang MP Tengku Razaleigh Hamzah today claimed he was told that the national oil company, Petronas, has made a “very big discovery of an oil field, probably the biggest in the world”.
This discovery, he asserted, meant that Petronas would have a very good future. However, the founding chairman of Petronas declined to go into details.
“I was told… no announcement (was) made (about) a very big discovery of oil. I was told there was a big discovery… which could depress the oil price.
“I was also told it is the biggest oil field or oil well (not only) in this part of world but also in any part of the world.
“I cannot disclose the (location)… I cannot tell you,” he said when asked repeatedly about the discovery, which he mentioned in his talk titled, “Oil Royalty: A Constitutional Right?” organised by the Malaysian Bar here today.
He also did not identify who had told him of the developments in Petronas.
Meanwhile, Petronas, in a brief statement, denied any such discovery.
“Petronas would like to clarify that it has not made any such discovery and any statement alluding to such a discovery is not true,” the national oil corporation said, when contacted by Bernama.
Tengku Razaleigh had recently spoken against the federal government’s stand that the Kelantan government had no right to demand royalty for the oil extracted from the state’s offshore area.
Tengku Razaleigh, a former finance minister, said a large oil find means Petronas had a good future but added, it must be properly managed.
“I hope Petronas will be managed well…no leakages, so that money will come back to the people,” he added.
He also said that he was very happy to note that despite Petronas having to spend money for the construction of the Petronas Twin Towers here and the development of Putrajaya, the federal administrative capital, the national oil company “is still in the black, with money and had some reserves left”.
Petronas contributed about RM75 billion annually to the federal government, which is equivalent to about 42 per cent of the country’s revenue.
Since it was founded on Aug 17, 1974, Petronas has grown to be an integrated international oil and gas company with business interests in 31 countries.
Petronas is ranked among Fortune Global 500’s largest corporations in the world. Fortune ranked Petronas as the 95th largest company in the world in 2008 and 80th largest in 2009.
It also ranks Petronas as the eighth most profitable company in the world and the most profitable in Asia.
Oil prices have fallen in the last two weeks by up to 2.8 per cent to below US$80 (RM272) a barrel early yesterday.
London Brent Crude for May fell US$1.60 a barrel to US$79.88. — Bernama
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The whole saga happening in Kelantan points to greed.
There are three parties involved. These whole things started in 2007 when the Sultan of Kelantan wanted to marry Elia Suhana Ahmad. (They officially got married in Dec 23 2007.) Tengku Anis was not pleased (only stupid woman can accept) that she has to compete with a younger wife. Tengku Anis was the one who runs the Royal Household. Whatever she wants she gets (like Rosmah and Mahani). So bomohs as many as six came into the picture. Rosmah took advantage of the situation and brought in two of her personal bomohs to help out. So like everything in excess it over explore, so the Sultan is actually in limbo. In another word as good as dead. Rosmah is over-friendly with Tengku Anis though these two do not see eye to eye. But Rosmah has a big reason behind this friendship.
Then there is the other group who is banking on Faris to takeover. These are the so-called UMNO clan who will get to benefit much once the Sultan is dead and Tengku Anis must relinquished all her rights to the position and wealth.
The third is of course Fakhry and Tengku Anis who cannot bear to let go of her position. Fakhry is like the mother so they work well together.
Kickdefella the blogger is brought in by Rosmah to create problems to PAS to divert the real issue behind the fighting inside the Palace and the new oil field. The very oil field that Tengku Razaleigh mentioned in March 2010.
The drama happening is centre on the possibility one of the largest oil field in the world found in Kelantan shore. The many new half past six faces in Petronas is telling and Mahathir has a gleeful face, at last, the last of Malaysia Wealth is finally going straight into his pocket. Of course Najib and Rosmah share the loot too.
So the in and out fight in Kelantan is who will eventually benefit from that oil field. The Sultan of Kelantan is just a bargaining tool.
To the Malaysian Public the Sultans are burden, wasteful and menace to modern society. They are pawns used by the ruling government as and when they are needed.
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