Kelantan withdraws oil loyalty law suit against PETRONAS

According to BERNAMA, Kelantan government has actually withdraw her oil royalty claim brought nine years ago.

The Kelantan government’s lawyer Aleeya Elyana Ahmad Mahreez told reporters this here yesterday after the matter came up for case management before High Court judge Justice Ahmad Bache in chambers; in the presence of federal counsel Siti Asmath Che Man, who acted for the Federal Government, a defendant in the case.

On Aug 30, 2010, the Kelantan government as the plaintiff filed a lawsuit against PETRONAS as the sole defendant.

However, the Federal Government then succeeded in its intervenor application and was named second defendant in the suit.

In the statement of claim, the Kelantan government demanded that PETRONAS pay the outstanding and future cash payments for petroleum produced off the Kelantan coast, as set in their petroleum exploration agreement.

The Kelantan government had also sought costs and damages but did not specify the total amount from PETRONAS.

In the suit, the state government said the Kelantan Petroleum Agreement signed on May 9, 1975, clearly stated that PETRONAS should pay in cash 5% of oil revenue, either from exploration onshore or offshore.

It claimed that a clause in the agreement stated that payments should be made twice a year, on or before March 1, and one more on or before Sept 1.

On March 7, Economic Affairs Minister Datuk Seri Azmin Ali said the Federal Government would pay oil royalty to Kelantan after the proceedings of the withdrawal of the Kelantan government’s lawsuit against it and PETRONAS were settled.

So, hopefully the case is settled and Kelantan gets her deserved dues.

Wan Zul Made it into Top 100 CEO for 2019 List

KUALA LUMPUR, Feb 15 — PETRONAS President and Chief Executive Officer (CEO) Tan Sri Wan Zulkiflee Wan Ariffin has made it into Brand Finance’s list of 100 best global Brand Guardians for 2019.


PETRONAS CEO Tan Sri Wan Zulkiflee Wan Ariffin speaks during a news conference in Kuala Lumpur, August 30, 2018.

He took the 95th spot in the leading independent brand valuation and strategy consultancy’s Brand Finance Global 500 2019 report with an index score of 41.6 out of 100, while Amazon CEO Jeff Bezos took the top spot with a score of 72.4.

Brand Finance explained in the report, which was released recently, that the ranking rates CEOs to capture how well they measure up as brand managers; scoring them according to their success in marketing investment, stakeholder equity, and business performance.

Wan Zulkiflee, who was appointed to helm PETRONAS on April 1, 2015, is the only Malaysian to have made the list of some of the world’s best CEOs this year.

The report also saw PETRONAS moving up the ladder to 127th spot from 132 last year in the report’s list of the top 500 most valuable brands in the world.

AOGM.net, a news portal covering news on the oil and gas industry, in an article yesterday described Wan Zulkiflee’s entry into the list as a significant achievement for the country and PETRONAS.

“Coming into his fourth year with PETRONAS this April, the hardworking and humble Group CEO achieved this during a period when the oil & gas industry was faced with enormous challenges.

“Wan Zulkiflee has been instrumental in steering the national oil company (NOC) to becoming more resilient, whilst achieving improved performance. This is attributed to his astute and visionary leadership and prudent management practices,” the report said.

(News) PETRONAS runding beli saham Amplus Energy

Syarikat minyak dan gas negara, Petroliam Nasional Bhd. (PETRONAS) dilaporkan sedang berunding dengan I Squared yang berpangkalan di New York bagi membeli saham majoriti dalam Amplus Energy Solutions Pvt. Ltd. (Amplus Energy) satu daripada pengeluar tenaga suria terbesar di India bagi potensi perjanjian bernilai kira-kira 27 bilion rupee (RM1.55 bilion).

Syarikat minyak dan gas negara, Petroliam Nasional Bhd. (PETRONAS) dilaporkan sedang berunding dengan I Squared yang berpangkalan di New York bagi membeli saham majoriti dalam Amplus Energy Solutions Pvt. Ltd. (Amplus Energy) satu daripada pengeluar tenaga suria terbesar di India bagi potensi perjanjian bernilai kira-kira 27 bilion rupee (RM1.55 bilion).

Menurut dua sumber yang rapat dengan perkemba­ngan tersebut, syarikat-syarikat minyak global sedang mencari peluang untuk mempelbagaikan dan melabur dalam ekonomi hijau India yang sedang berkembang berikutan ruang bagi hidrokarbon konvensional kini mengalami gangguan teknologi.

Antara syarikat yang me­nunjukkan minat bagi mela­bur dalam Amplus Energy terma­suklah syarikat minyak Norway, Statoil ASA; syarikat minyak Perancis, Total SA dan Shell Plc.

Selain itu, syarikat minyak yang berpangkalan di Rusia, OAO Rosneft turut mengintai peluang ke atas Amplus Energy yang telah membina kemudahan solar dengan kapasiti 350 megawatt di seluruh India.

“Rundingan ini dibuat PETRONAS bagi memperoleh kepen­tingan majoriti di dalam Amplus Energy,” kata sumber pertama yang tidak ingin dikenali.

Seorang lagi, yang juga tidak mahu dinamakan, mengesahkan perkembangan berkenaan.

Penjanaan tenaga boleh diperbaharui menarik minat yang kukuh dalam kalangan pelabur berikutan pasaran di India mempunyai beberapa pemaju dengan portfolio besar.

Warburg Pincus LLC, firma ekuiti swasta yang berpangkalan di New York, pada 2017 mengumumkan pelaburan bernilai AS$100 juta (RM410 juta) ke dalam pemaju solar bumbung CleanMax Solar.

India merancang untuk menambah kapasiti kuasa solar kepada 100 gigawatt (GW) menjelang 2022, dengan 40GW daripadanya merupakan projek solar bumbung.

Ditubuhkan pada 2010, antara pelanggan utama Amplus Ene­rgy termasuklah India Yamaha Motor Pvt. Ltd., Jubilant FoodWorks Ltd., Walmart India Pvt. Ltd., Hilton Hotels Corp. dan Vatika Group yang cuba mengurangkan kos tenaga dengan memanfaatkan matahari.

“Saya ingin mengatakan Amplus tidak mengulas me­ngenai spekulasi pasaran,” kata jurucakap Amplus dalam satu kenyataan balas terhadap pertanyaan berhubung laporan berkenaan.

PETRONAS juga tidak memberi maklum balas terhadap pertanyaan berkaitan pembe­lian saham Amplus. – AGENSI

Source: Utusan Online

PETRONAS issues cryptocurrency warning

Malaysian state oil giant PETRONAS has cautioned would-be investors not to fall prey to the promises of cryptocurrency technology platforms that are purportedly endorsed by its chief executive, Wan Zulkiflee Wan Ariffin.

PETRONAS said that phishing websites had been illegally using the name and images of Wan Zulkiflee to try to tempt people into parting with $250 in the promise of large profits.

The article, entitled “PETRONAS Launches New Scheme With 18 Partners: This Can Make You Rich!”, was accompanied by photographs allegedly depicting Wan Zulkiflee talking about the investment platforms.

The article was shared on a number of technology investment platforms such as Crypto Revolt and Bitcoin Revolution.

“We wish to alert members of the public that this is an on-going scam. The website used a recent media event by PETRONAS to launch a vendor development programme with various industry partners, designed to raise the capabilities of local firms in the oil and gas sector.

“PETRONAS, or any of its subsidiaries and employees within the group of companies, is not affiliated in any way, and do not support or endorse the alleged promotion,” the company said.


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PETRONAS beri peringatan kepada #TeamSaddiq

Walaubagaimanapun, keselamatan tetap di utamakan. Jangan guna telefon berdekatan pam minyak ya. Terima kasih juga kepada semua yang sangat prihatin!

Petroliam Nasional Bhd. (PETRONAS) hari ini memberi peringatan kepada pemilik akaun Twitter, #TeamSaddiq kerana mengambil gambar dengan menggunakan telefon bimbit di salah sebuah rangkaian stesen minyak milik syarikat itu.

Terima kasih singgah stesen PETRONAS!

Walaubagaimanapun, keselamatan tetap di utamakan. Jangan guna telefon berdekatan pam minyak ya. Terima kasih juga kepada semua yang sangat prihatin!

— PETRONAS Brands (@Petronasbrands) January 14, 2019

Syarikat itu melalui hantaran dalam Twitter memberi peringatan tersebut demi keselamatan semua pihak selain  memastikan peralatan yang digunakan tidak mencetuskan kebakaran dan jarak mengambil gambar selamat.

“Terima kasih singgah stesen Petronas!. Walaubagaimanapun, keselamatan tetap diutamakan. Jangan guna telefon berdekatan pam minyak ya. Terima kasih juga kepada semua yang sangat prihatin!

“Keselamatan adalah keutamaan kami untuk kesejahteraan semua. Peringatan harus diberi demi keselamatan,” jelasnya.

Hantaran PETRONAS itu bagi mengulas tindakan pemilik akaun #TeamSaddiq merakamkan  foto yang dikongsikan dalam laman Twitter dengan memaparkan Ketua Angkatan Bersatu Anak Muda (Armada), Syed Saddiq Syed Abdul Rahman sedang bersandar di kereta miliknya sambil mengisi minyak. – UTUSAN ONLINE

PETRONAS and Sarawak MA63 updates

In separate news article, Sarawak CM, Datuk Patinggi Abang Johari said discussion on petroleum issues between the Sarawak government and PETRONAS will be continued. He said, agreement has been made with PM Tun Dr. Mahathir during a Special Cabinet Committee Meeting on Dec 17 following a proposal by Economics Affairs Minister Datuk Seri Mohamed Azmin Ali.

Abang Johari said the meeting was proposed as PETRONAS has taken cautious measures following Sarawak’s interest to participate in oil and gas activities in the state.

Meanwhile, Finance Minister Lim Guang Eng has expressed the opinion that the sales tax imposed on petroleum products beginning 1 Jan 2019 was inappropriate, but Sarawak government had emphasized that it was its right and it was being implemented under Article 95C and Schedule Ten of the Federal Constitution.

Abang Johari also add “Sarawak also felt that it must take into consideration of the Petroleum (Income Tax) Act (PITA) imposed by the federal government”