Malaysia

Petroleum payments to Sabah, Sarawak, Terengganu, Kelantan total RM61.32 bil

This is for the period between 2008 and 2020, said Minister in the Prime Minister’s Department Datuk Seri Mustapa Mohamed

Updated 5 years ago · Published on 03 Nov 2020 7:30AM

Petroleum payments to Sabah, Sarawak, Terengganu, Kelantan total RM61.32 bil
Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said Petronas paid 5% of petroleum product sales directly to the Sabah and Sarawak governments. – Bernama filepix,November 3, 2020

KUALA LUMPUR – Petroleum cash payments made to Sabah, Sarawak, Terengganu and Kelantan from 2008 to 2020 amounted to RM61.32 billion, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed.

“The petroleum cash payments to Sabah and Sarawak as well as the special payments to Terengganu and Kelantan for the period of 2008 to August 2020 were RM25.3 billion for Sarawak, RM13.2 billion for Sabah, RM22.4 billion for Terengganu and RM418.9 million for Kelantan,” he said.

He said this in a written reply yesterday in the Dewan Rakyat in response to a question from Datuk Seri Saifuddin Nasution Ismail (PH-Kulim Bandar Baru) on how much the four states received in oil and gas royalties.

“Petroliam Nasional Bhd (Petronas) paid the 5% of petroleum product sales directly to the Sabah and Sarawak governments.

“As for the Kelantan and Terengganu governments, Petronas channelled the payments through the Finance Ministry, which in turn made the payments to the states,” he added. – Bernama, November 3, 2020

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