Pakatan to hold referendum on 15% oil royalty proposal
Free Malaysia Today – Pakatan Rakyat will hold a referendum on its proposal to give oil-producing states — Sabah, Sarawak, Kelantan and Terengganu — 15 percent of oil royalties when it comes into federal power.
Kelantan’s senior state executive councillor Datuk Husam Musa said he and Gua Musang parliamentarian Tengku Razaleigh Hamzah will explain their proposal to the people when they go on a nationwide roadshow beginning March 18 in Terengganu.
Tengku Razaleigh, or Ku Li, the former chairman of Petroleum Nasional (Petronas), played a pivotal in working out the Petroleum Development Act 1974 on oil royalties.
Said Husam: “We will travel the length and breath of the country explaining the issue and why Kelantan is firm in its stand that it rightfully deserves what was promised to the state.
“In our proposal, Sabah, Sarawak, Kelantan and Terengganu will get 15 percent in oil royalties while the federal administration gets its five percent,” he said.
