Page 92 - PH Manifesto English
P. 92
The 1974 Petroleum Development Act will be scrutinised to review
Petronas’s monopoly on national gas and oil products, especially from Sabah
and Sarawak. This is to enable Sabah and Sarawak to set up their own oil
and gas companies, and not limiting their role as a contractor to Petronas
only.
To ensure that Sabah and Sarawak oil and gas products can be utilised for
the long run, entities similar to the National Trust Fund (KWAN) can be set
up in Sabah and Sarawak, after studying more sustainable models like in
Norway and Alaska.
91
