Awang Tengah urges Petronas to work closely with Petros to attract investment

Awang Tengah (seated centre) chairing a meeting during a courtesy call by Petronas and representatives from Petros and State government.

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KUCHING, Jan 5: National oil corporation Petroliam Nasional Berhad (Petronas) has been urged to work closely with state-owned Petroleum Sarawak Berhad (Petros) to implement and develop a competitive gas pricing structure that would encourage and attract more investment to Sarawak.

This includes both the upstream and downstream sectors of the oil and gas industry as well as the industrial sectors.

Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan outlined these during a courtesy call by Petronas led by its chairman Tan Sri Mohd Bakke Salleh and its president and group chief executive officer (CEO) Datuk Tengku Muhammad Taufik to Awang Tengah’s office today.

This follows the signing of the Memorandum of Understanding (MoU) for the supply for up to 1.2 billion standard cubic feet per day of natural gas between Petronas and Petros and the signing of the Heads of Agreement between Petronas Dagangan Berhad and PetrosNiaga for the Sarawak liquefied petroleum gas (LPG) business venture in December last year that demonstrated the enhanced collaboration between Petronas and Petros.

Awang Tengah, who is also Minister for International Trade and Investment also took the opportunity to follow-up and discuss several matters related to the implementation of the initiatives outlined in the Commercial Settlement Agreement signed between Sarawak government and Petronas on Dec 7, 2020.

Also present during the courtesy call were State Financial Secretary Dato Sri Dr. Wan Lizozman Wan Omar (State Financial Secretary), State Legal Counsel Dato Sri Fong Joo Chung, Deputy State Attorney-General Safri Ali, Ministry of International Trade and Investment Acting Permanent Secretary Dzulkornain Masron, Special Function Officer Datu Liaw Soon Eng, Petros vice president portfolio and planning Abang Arabi Abang Narudin and other senior officers from Petronas and Sarawak government. — DayakDaily