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Putrajaya, Sabah each received RM23 bil in oil revenue since 1976, says PMO | Scoop

zachary-theodore-guADzpF9pDI-unsplash — Pic for illustration purposes only. – Unsplash pic, July 11, 2024

Putrajaya, Sabah each received RM23 bil in oil revenue since 1976, says PMO

Petronas has also paid Borneo state RM3 billion in sales tax since 2020, office says

Updated 11 July, 2024

11 July, 2024

10:18 AM MYT

KUALA LUMPUR – Putrajaya and the Sabah state government have each received approximately RM23 billion in petroleum revenue payments from 1976 to the first half of 2024, according to the Prime Minister’s Office (PMO).

In a written response published on the Parliament website yesterday, the PMO said Petronas had consistently fulfilled all cash payment obligations from petroleum production, based on existing provisions and agreements and in accordance with the federal government’s instructions.

“Additionally, Sabah has received approximately RM3 billion in sales tax revenue from Petronas, in line with the implementation of Sabah’s sales tax since 2020,” it said.

The PMO was responding to a question from Datuk Jonathan Yasin (Ranau-GRS) who wanted to know the total petroleum revenue received by the federal government and Petronas from Sabah’s oil or offshore resources each year from 1976 to the present. – July 11, 2024

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