Premier: Sarawak secures RM10 bln from PETRONAS in 2023

Abang Johari speaks during the DUS sitting on May 15, 2024. Photo credit: Ukas

By Shikin Louis

KUCHING, May 15: Sarawak has secured RM10 billion from Petroliam Nasional Berhad (PETRONAS) last year, says Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg.

Elated that Sarawak’s oil and gas (O&G) sector has yielded significant achievements in recent years, he said the RM10 billion collected comprised of sales tax, dividends and royalty fees.


“With our O&G and carbon capture, utilisation and storage (CCUS) industry activities accelerating, Sarawak Oil & Gas, Services and Equipment (OGSE) players play an important role in the success and attainment of this ambition (becoming leaders in upcoming regional carbon capture and storage projects),” he said when presenting his ministerial winding-up speech in the Sarawak Legislative Assembly (DUS) sitting here today.

Abang Johari who is also Minister of Finance and New Economy, Minister for Natural Resources and Urban Development (MUDeNR) and Minister for Energy and Environmental Sustainability (MEESty) further said Malaysia’s OGSE sector is projected to reach RM40 billion to RM50 billion by 2030.

“By leveraging Sarawak’s growing O&G activity, local OGSE companies can partner and learn from industry leaders, propelling them to regional prominence and ultimately, global success.

“We envision a future with Sarawak OGSE companies listed on the stock exchange, with substantial valuations comparable to international OGSE players,” he added. – DayakDaily