National oil company Petroliam Nasional Bhd (Petronas) welcomes the participation of state-owned petroleum company Petros in the oil and gas sector and looks forward to continue collaborating with Sarawak for mutual benefit.
Petronas, in a press statement today, congratulated the State for officially launching Petros on Tuesday night.
“Petronas would like to extend its congratulations to the Sarawak State Government for the successful official launch of Petros,” the statement read.
Petronas also said it is committed to supporting the state’s aspirations to actively participate in the state’s oil and gas industry.
Petronas has made significant CSR contributions in Sarawak since its inception that has helped enhance education, community development and wellbeing as well as environmental conservation in the state.
The most significant ones include a RM90 million allocation for a five-year corporate social responsibility (CSR) programme largely targetting to enhance Sarawak students' academic and employability performance, together with the advancement of the state's educational institutions, the RM10 million marine conservation project known as BEACON Project at Similajau National Park in Bintulu and RM5 million contribution to transform Piasau camp in Miri into Piasau Nature Reserve.
Earlier, Petronas president and group chief executive officer Tan Sri Wan Zulkiflee highlighted Malaysia’s unique advantage of having a single point of contact for foreign investors when it comes to the development of its O&G resources.
“Our regulatory environment is very special. Petronas is the single point of contact for any foreign company. If we go to other countries, the point of contact is not always consistent.
“There can be misalignment in terms of what the ministry wants, what the regulator wants, etc. We don’t have that in Malaysia. I can say this because we are involved in many, many countries,” he said.
Tan Sri Wan Zulkiflee said the Malaysian Petroleum Management unit in Petronas, headed by Muhammad Zamri Jusoh, can help investors on a wide range of matters including their development plans, securing rigs, operational problems and audit.
“Very few regulators have the experience of a contractor. Zamri and his team have hands-on practical experience as a contractor. I think this is one of the unique value propositions that we have in terms of ease of doing business in Malaysia,” he added.
Borneo Post Online - http://bit.ly/2ttKlB1
NST - http://bit.ly/2FsHs5c
Media release - http://bit.ly/1HGEqHq
Picture credit - NST