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Lim: Selling stakes in Petronas to Sabah, Sarawak in line with MA63

2019-12-12 365 Dailymotion

Malaysia is considering selling stakes in energy giant Petronas to states where the company’s oil and gas fields are located, said Prime Minister Mahathir Mohamad on Tuesday.<br /><br />Finance Minister Lim Guan Eng told reporters today that the move should be viewed in line with the Malaysia Agreement 1963.<br /><br />Sarawak and neighboring Sabah have Malaysia’s most prolific oil and gas reserves in their waters in the South China Sea.

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