Petros Officially Formed, Says Sarawak CM

Last update: 07/08/2017

KUCHING, Aug 7 (Bernama) --The Sarawak wholly-owned oil and gas company or Petros has been officially formed, Chief Minister, Datuk Amar Abang Johari Tun Openg announced here last night.

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

"Tonight, I want to tell you that we have officially formed our oil company, Petros," he said, to the applause of the crowd, when addressing state ministers, staff members of his ministries and office during an appreciation dinner organised by his office at a leading hotel here, last night.

The chief minister, who was accompanied by his wife, Datin Amar Juma'ani Tun Tuanku Bujang, however, did not reveal the name of the board members, or chairman or 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 per cent royalty from Petronas.....