Tuesday, November 8, 2011

Oil and Gas Cartel


Recently I met a foreigner in the oil and gas industry, who is working here in Malaysia in a joint venture with Petronas.

We talk of many things and one of the highlight of the conversation was this "Malaysia practice a Malay Communist System whereby all the money to Petronas goes direct to the ex-PMs (Mahathir and Pak Lah), ex-Finance Ministers (Daim and Yaakob) to the present PM Najib private accounts before Petronas gets its due. In my country all the profit goes into developing the country, that's why today we are better off than Malaysia. Furthermore we are puzzle why the present group of people in Petronas has no knowledge of the oil and gas industry except how much they can make and how soon."

This foreigner added that he was lucky to have met my brother who not only knows his work but was more experience that the fools in Petronas.

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