Ku Li to head Parliamentary caucus on oil royalty
By Syed Jaymal Zahiid, The Malaysian Insider
Tengku Razaleigh Hamzah, the founding chairman of Petronas, has agreed to head the Parliamentary Caucus to be set up by Pakatan Rakyat (PR) lawmakers to probe the oil royalty issue.
PKR de facto and Opposition leader Datuk Seri Anwar Ibrahim said today that Razaleigh had accepted the invitation in Parliament this morning.
The Caucus aims to draft amendments to the Petroleum Development Act to ensure that oil-producing states — including opposition-controlled Kelantan — receive royalties in line with the philosophy that constituted the Act in 1974.
“We will invite Barisan Nasional MPs to join the Caucus.. and will speak to (Minister in The Prime Minister Department) Datuk Seri Nazri Aziz about this over teh tarik,” Anwar told a press conference at the Opposition office in Parliament here.
