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PETRONAS and the MA63 Conundrum in Brief


  • This is where most of Malaysia's oil and gas fields lie, and appeasing the states that became a backbone of the 2018 general election victory is important enough that the Malaysian government is considering selling stakes in its crown jewel Petronas to them.
  • The seeds of Sabah and Sarawak's current discontent over their oil royalties date back to 1974, when the state oil firm Petronas was formed, with the mandate of developing the entirety of oil and gas resources in Malaysia.
  • As crude production in Peninsular Malaysia abated and the focus shifted to the huge reserves and untapped potential in Sabah and Sarawak, however, the oil royalty issue has taken on a new dimension.



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