Azalina: Petronas ownership remains under federal govt, steps taken to enhance participation of states

AI Summary

The Malaysian federal government will retain full ownership of Petronas, the national oil and gas company. While states like Sarawak, Sabah, Terengganu, and Kelantan have requested shared ownership, the government emphasizes its inclusive approach, ensuring all parties benefit. This includes direct cash payments to producing states and various commercial collaborations. The government believes this strategy strengthens the federation and addresses concerns over oil and gas rights.