Business : Oil Royalty Agreement Can Be Re-Negotiated : Musa

KOTA KINABALU, April 17 (Bernama) — The oil royalty agreement Sabah signed with Petroliam Nasional Bhd (Petronas) on June 14, 1976 can be reviewed or re-negotiated in line with the current changes and needs, said Sabah Chief Minister Datuk Seri Musa Aman.

Musa said all discussions could be discussed with the consent of both parties.

“There are various channels available for the state and federal governments to discuss issues based on power-sharing, inclusivity and agreement by all,” he said.

Musa said this when winding-up debate on the royalty issue at the Sabah State Legislative Assembly on Thursday.

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