Terengganu Petroleum Council Identifies RM5bil Worth Of Projects For State

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Dr Ahmas Samsuri attending The ceremony officiated by Duli Yang Teramat Mulia Yang di-Pertuan Muda Tengku Muhammad Ismail ibni Sultan Mizan Zainal Abidin at Tengku Muhammad Ismail Scout Camp, Kuala Nerus.

KUALA TERENGGANU: The Terengganu Petroleum Council (TPC) has identified several projects that can be undertaken by Terengganu-based companies which are said to be worth about RM5bil.

In his wrap-up speech at the state assembly sitting, Mentri Besar Dr Ahmad Samsuri Mokhtar said a subsidiary of a state-owned company has been awarded a project worth about RM30mil by Petronas.

“This is the beginning of larger projects to come,” he said.

On a separate matter, Dr Ahmad Samsuri said a joint technical committee co-chaired by the directors of the Land and Mines Departments of Terengganu and Pahang are set to meet to discuss the status of the Bertam oil fields.

Among issues that would be brought up include the end point of the Pahang-Terengganu border; negotiations over the maritime borders of both states; and marking the points between the borders of both states and the end point.

“Once the land and maritime borders have been determined, the state government will meet with the Federal Government and Petronas over the royalty claims from the Bertam oil field,” he said.

Dr Ahmad Samsuri also touched on Terengganu’s claims to petroleum royalties, saying that the state would hold onto the commitment made by Prime Minister Tun Dr Mahathir Mohammad who agreed in principle that the royalties would go directly into state coffers instead of going through an appointed department or agency. – thestar