Malaysia’s Petroleum Revenue Totals RM775.2 Bln From 2018 To 2024 -- Azalina
KUALA LUMPUR, Oct 23 (Bernama) -- Malaysia generated RM775.2 billion in petroleum revenue between 2018 and 2024, according to Minister in the Prime Minister’s Department (Law and Institutional Reform), Datuk Seri Azalina Othman Said.
Citing data from Petroliam Nasional Bhd (Petronas), she said the amount comprised RM284.8 billion from Peninsular Malaysia, RM205.0 billion from Sabah, and RM285.4 billion from Sarawak.
Over the same period, petroleum investments across Malaysia amounted to RM256 billion, comprising RM86.5 billion from Peninsular Malaysia, RM56.3 billion from Sabah, and RM113.2 billion from Sarawak.
“The overall investment-to-upstream revenue ratio stood at 33 per cent, with Peninsular Malaysia accounting for 30 per cent, Sabah 27 per cent, and Sarawak 40 per cent,” she said in a written reply published on Parliament’s website today.
She was responding to Mordi Bimol (PH–Mas Gading), who had asked for details on Petronas’s annual exploration and production costs for oil and gas operations in each producing state from 2018 to 2024, and the percentage of those costs relative to total revenue.
-- BERNAMA