Sarawak request review of oil royalty


The state government will discuss the need to review the current five percent petroleum royalty paid to Sarawak with the federal government based on the prevailing close relationship and goodwill between both sides, Chief Minister Tan Sri Abdul Taib Mahmud said today.

Concurring that state leaders from both sides of the political divide had struck a common ground on the issue, he said, both sides needed to sit down and discuss the matter, especially following the recent announcement by Prime Minister Datuk Seri Najib Razak that a special committee was being set up to study the petroleum royalty to East Coast states.

Source : BERNAMA