How much state sales tax will Sarawak receive from Petronas?

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Sarawak Anticipates RM3 Billion in State Sales Tax from Petronas

The Sarawak government is projected to receive approximately RM3 billion in state sales tax (SST) payments from Petroliam Nasional Berhad (Petronas) for the previous year. This expectation follows a recent court ruling in favour of the state.
State Sales Tax Calculation Basis

The estimated RM3 billion figure for 2019's SST revenue is based on a calculation that assumes crude oil prices at US$50 per barrel. This valuation was used to determine the quantum of the state sales tax owed by Petronas.
Additional Revenue from Oil and Gas Sector

Beyond the state sales tax, Sarawak is also anticipating between RM600 million and RM700 million in oil and gas royalties from Petronas. Furthermore, the state's 25 per cent equity in the LNG 3 Plant in Bintulu is expected to contribute a substantial amount to its overall revenue from the oil and gas sector.
Strengthening State Financial Position

The Sarawak government is actively seeking to diversify and bolster its revenue streams to ensure financial strength. This strategic imperative was highlighted by the Chief Minister, who expressed concerns in 2017 about rising operational costs and stagnant revenue, which created an imbalance between expenditure and income.

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How much state sales tax will Sarawak receive from Petronas?

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