Monday, December 5, 2022

Return of rights better late than never – Petros Chairman

Secara Rawak

KUCHING: The return of Sarawak rights over its resources (oil and gas) may be a little late but it is better late than never, says Sarawak Petroleum Berhad (Petros) chairman Tan Sri Hamid Bugo.

He congratulated the state government under Chief Minister Datuk Patinggi Abang Johari Tun Openg and his cabinet members for their courage in negotiating and finally securing the rights back for Sarawak, and farsightedness in setting up the state-owned oil company, Petros, which he said needed a lot of courage.

Hamid, who was former Sarawak state secretary, said the state needed oil and gas to be among the catalysts and engine of growth to spur its economic growth.

“We, in Sarawak, are fortunate because someone has made things happen,” he said at the launch of Petros by Abang Johari here yesterday night.

“Petros is the best thing yet that has happened in Sarawak,” he said and thanked the state government in having confidence in him as Petros chairman, and five other board members, namely Datuk Zuraimi Sabki, Sharbini Suhaili, Datin Josephine Anak Hilary Dom, Heng Hock Cheng and Datuk Mohammad Medan Abdullah.

Hamid said Petros would utilise the state oil and gas resources for downstream activities.

“We hope players of the industries will not regard Petros as a disruptive competitor but instead, see us as a partner, (and) work with us to benefit Sarawak and Malaysia. We cannot work in isolation, we need the support from our partners,” he said.

He said Petros’ first task was to form a team of competent staff, adding that the right mix of people would be the key sector.— BERNAMA

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