By DayakDaily Team
KUCHING, Oct 24: Sarawak emerged as the country’s top petroleum revenue contributor, generating RM285.4 billion of Malaysia’s total RM775.2 billion in petroleum income between 2018 and 2024.
Citing data from Petroliam Nasional Bhd (PETRONAS), Minister in the Prime Minister’s Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said revealed that the remaining revenue comprised RM284.8 billion from Peninsular Malaysia and RM205.0 billion from Sabah.
Over the same period, total petroleum investments nationwide reached RM256 billion, with Sarawak accounting for RM113.2 billion, followed by Peninsular Malaysia (RM86.5 billion) and Sabah (RM56.3 billion).
“The overall investment-to-upstream revenue ratio stood at 33 per cent, with Peninsular Malaysia recording 30 per cent, Sabah 27 per cent, and Sarawak leading at 40 per cent,” Azalina said in a written reply published on Parliament’s website as reported by Bernama yesterday.
She was responding to Mordi Bimol (PH–Mas Gading), who had requested detailed figures on PETRONAS’ annual exploration and production costs for oil and gas operations in each producing state between 2018 and 2024, and the corresponding cost-to-revenue percentages. — DayakDaily
