By DayakDaily Team
KUCHING, Jan 12: Petroliam Nasional Berhad (PETRONAS) has filed a motion at the Federal Court in Putrajaya seeking clarity on the applicable regulatory framework governing its operations in Sarawak, with the respondents being the federal government and the Sarawak government.
According to a press release issued by PETRONAS today, the application seeks a determination by the Federal Court on the legal position applicable to PETRONAS’ operations in Sarawak, to ensure the company continues to operate in full compliance with applicable laws and sound governance practices.
PETRONAS said the application is not intended to challenge Sarawak’s development aspirations or hinder the role of Petroleum Sarawak Berhad (PETROS) in the State’s energy sector.
“The decision follows constructive engagements since 2024 with PETROS and both the federal and State governments through a series of dialogues and negotiations.
“While progress has been made on many commercial arrangements and partnerships – including the signing of Commercial Settlement Agreement (CSA) in 2020 – there have been differences which led to uncertainty in respect of the obligations applicable to PETRONAS,” it said.
PETRONAS further called on all parties to respect and allow the judicial process to take its course and be resolved by the Federal Court, and to refrain from public commentary.
“In the meantime, PETRONAS remains committed to safe, reliable, and efficient operations in Sarawak. Business activities will continue as usual.
“PETRONAS will continue to strengthen its relationships with Sarawak’s communities and industries and work constructively towards arrangements that would both advance Sarawak’s development aspirations and ensure Malaysia’s prosperity,” it added.
The company also said it remains committed to transparent communication regarding its operations and partnership efforts. — DayakDaily
