San Miguel announcement set to turn Mahathir and sons into richest oil barons in the world
THE THIRD FORCE
San Miguel has since indicated its willingness to purchase state-owned assets in Malaysia (see news item below). Unbeknownst to Malaysians, the Mirzan concern is eying Petronas and intends to sink its teeth into a major chunk of its shareholding. With the acquisition of Petronas, the Malaysian oil and gas industry would be monopolised by Mirzan and Mokhzani who’d then perform deep sea drilling along the the edge of the South China Sea.
For that to happen, Mahathir would first have to fast track the building of a new island where the once disputed Middle Rocks cluster stands. Once completed, both Malaysia and Singapore would be left with little option but to redefine security borders around the Straits of Singapore. Mahathir would then hold his Singaporean counterpart at ransom by seeking renegotiations of the Johor-Singapore water agreements (1961 and 1962), the Wayleave Agreements, and the agreement that Malaysia, Singapore and Indonesia jointly signed in October 2017 to improve security around the Malacca and Singapore Straits.
Assuming things go as planned, the Mahathirists will turn from being the richest oil barons in Southeast Asia to being the richest oil barons in the world. The Third Force will come up with part two of the aforementioned article to detail the exact plan Mahathir has in mind.
