(EnergyAsia, May 9, Friday) — The government of Malaysia’s Terengganu state wants to gain full control over its oil royalty which are now the responsibility of the federal government in Kuala Lumpur. At stake are an estimated RM1 billion per year (US$1=RM3.17). The federal finance ministry, which manages the oil royalty, said it channels the…
MALAYSIA: Terengganu state presses for control over oil royalties
Posted on May 8, 2008 by EnergyAsia