Monday, 7 August 2017

Sarawak's Petros has been officially formed

The Sarawak wholly-owned oil and gas company or Petros has been officially formed, the Chief Minister, Datuk Amar Abang Haji Abdul Rahman Zohari bin Tun Datuk Abang Haji Openg announced here last night.

“Tonight, I want to tell you that we have officially formed our oil company, Petros,” the Chief Minister, to the applause of the crowd said in his address to ministers, staff members of his ministries and office during an appreciation dinner organised by his office at a leading hotel here, last night.

He said all the board members of the company had been appointed and pointed out that they were drawn from among Sarawakian professionals with wide experience in the oil and gas industry and that none of them were politicians.

The Chief Minister, who was accompanied by his wife, Datin Amar Dato Hajah Juma’ani Tun Tuanku Haji Bujang, however, did not reveal the name of the board members, or the chairman or the CEO of the company.

The formation of Petros is an unprecedented step taken by the State Government to enable Sarawak to actively participate in the extraction of oil and gas in Sarawak while still pursuing its request for a 20 % royalty from Petronas.