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Fight for control of oil and gas grips Malaysia

Malaysia’s Federal Court has sided against Petronas over its claims to Sarawak’s resources, creating uncertainty for companies operating in the state Malaysia’s Federal Court has sided against Petronas over its claims to Sarawak’s resources, creating uncertainty for companies operating in the state.
By Damon Evans 29 June 2018 0 31521
Petronas’s Sabah oil and gas terminal in Malaysia Petronas’s Sabah oil and gas terminal in Malaysia. (Petronas)

Malaysian NOC Petronas is fighting legal and political battles with the state of Sarawak, home to the country’s 29.3 mtpa LNG plant, as the eastern state seeks greater control of its oil and gas resources.

The Sarawak state government made a bid for control of its resources in March when it announced that it intended to assume full regulatory authority over the state’s oil and gas industry from 1 July as part of a push to devolve power from the federal government. 

In early...