Luke Rintod of FMT
PENAMPANG: The Sabah government has the power to review its oil royalty contract with Petronas, according to United Borneo Front (UBF) chief Jeffrey Kitingan.
He said that the state government could also decide how much money it should get from the federal government-owned Petronas for the oil and gas derived from the state.
“The state government has immense power to review its contract with Petronas. The Petroleum Development Act (PDA) 1974 which effectively vests all petroleum throughout this country in one company forever, is itself amendable.