T'ganu rejected RM1.6b oil royalty offer by MoF, demanded for RM2.79b, talks ongoing

Datuk Ahmad Said, the Menteri Besar of Terengganu claims that the state government is currently in the process of discussing with the Federal Government on the issue of oil royalty payment which is long overdue where they have rejected the initial offer of RM1.686billion by the Finance Ministry. Instead, they are demanding that the Federal Government pay the state RM2.792billion for the period starting 2000 to 2009. he said "Both parties had yet to reach a consensus on the matter.


Although the state government is hoping to resolve the oil royalty issue as soon as possible, there are several matters in the agreement which have yet to be agreed upon by both parties. I cannot explain the issues or new matters involved in detail as the discussion is still ongoing and it could jeopardise the outcome. The series of discussions on the oil royalty between the Federal Government, the state government and Petronas began on Sept 16 last year. I had explained in great detail to the then prime minister on how important it is for the Federal Government to return the oil royalty rights to the people of Terengganu as stipulated in the original agreement,”


comments

Federal Govt, also bankrupted already. You consider yourself lucky, if you can still get a cent. what is the point Terenganu ? why you need money ?
useless, cannot do anything properly! what ever you build will collapse! you want the money fro project ??
give a break , after wasting so much of money .

Becareful with what you demand for ahmad said, you are only a duplicate MB.