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Monday 14 October 2024

Sarawak government & Petronas reached the agreement on Sales tax

Joint Statement by State Government of Sarawak and PETRONAS

2020 Media Release - 7 Dec

The Sarawak State Government and PETRONAS are pleased to announce the conclusion of negotiations, facilitated by the Ministry of Finance, on a commercial settlement after having resolved their differences over the imposition of State Sales Tax on petroleum products as well as oil and gas matters.  

The commercial settlement agreement (Agreement), which was executed on 7 December 2020, witnessed by both the Prime Minister and the Chief Minister of Sarawak, amongst others provides Sarawak with a greater share of revenues from oil and gas found and produced in the State. 

It also provides for a more active involvement by the State in the oil and gas industry through the management of onshore oil and gas resources by PETROS and investment by PETROS in the upstream ventures in offshore areas. 

Both the Sarawak State Government and PETRONAS, continuing its current role as Malaysia’s national oil company, remain committed to working together to create and maintain a stable, conducive business and investment environment for the sustainable growth of the oil and gas industry, both upstream and downstream in Sarawak. 

Towards this objective, the Agreement provides for a consultative framework whereby both Parties will be able to jointly discuss and deliberate on matters of importance to the oil and gas industry including those which affect the interests of the State.

Datuk Jaul Samion
Sarawak State Secretary   

Tengku Muhammad Taufik
President & Group CEO

砂拉越政府与马来西亚联邦石油公司联合声明

2020 年媒体发布 - 12 月 7 日

砂拉越政府和马来西亚联邦石油公司很高兴地宣布,在解决了对石油产品以及石油和天然气问题征收砂销售税的分歧后,在财政部的推动下结束了商业和解谈判。  

该商业和解协议(协议)于 2020 年 12 月 7 日在砂拉越,在首相和首席部长等人的见证下签署,为砂拉越提供了来自该区发现和生产的石油和天然气的更大份额收入。 

它还规定通过 PETROS 管理陆上石油和天然气资源以及 PETROS 对海上地区上游企业的投资,更积极地参与石油和天然气行业。 

砂拉越政府和马来西亚联邦石油公司将继续发挥其目前作为马来西亚联邦石油公司的作用,继续致力于共同创造和维持稳定、有利的商业和投资环境,以促进在砂拉越的石油和天然气行业上下游的可持续增长。 

为了实现这一目标,该协议提供了一个协商框架,双方将能够共同讨论和审议对石油和天然气行业重要的问题,包括影响联邦利益的问题。

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