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Petronas refutes Reuter’s report over Sarawak tax settlement

29 Jun 2020 / 12:41 H.

PETALING JAYA: Petroliam Nasional Bhd (Petronas) has refuted a recent Reuters report which claimed the national oil & gas company had urged the prime minister to drop a planned tax settlement to Sarawak.

In a statement, Petronas said the alleged conflict is “mere speculative reporting”.

“The alleged conflict between the Prime Minister, Petronas and its shareholder is mere speculative reporting without any basis whatsoever. Petronas wishes to reiterate that in line with the joint statement issued on May 8, Petronas, in collaboration with its Shareholder, is currently in the midst of negotiations with the Sarawak state government to achieve appropriate commercial resolution.

We remain committed in working closely with our Sarawak counterparts and our stakeholders to reach the best outcome on this matter. Our aim is to achieve a resolution that will lead to a more stable and conducive business and investment environment for the oil and gas industry, which will be especially important given current market challenges,” it said.

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