AI Summary
Petronas will remain under federal government ownership, but states will have increased participation through strategic partnerships, joint projects, and involvement in the value chain. This approach ensures inclusive federalism and benefits all parties. While the federal government retains sole ownership under the Companies Act 1965 and the Petroleum Development Act 1974, producing states already receive direct benefits through cash payments and commercial collaborations. Petronas' profits contribute to national development, supporting the overall national agenda.
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