What is the primary goal of the federal and Sarawak government talks on Petros and Petronas?

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The primary goal is to define the scope of cooperation between Petros and Petronas for new projects.

The federal government will convene with the Sarawak state government to delineate the specific areas of collaboration between Petroleum Sarawak Bhd (Petros) and Petroliam Nasional Bhd (Petronas). This dialogue is intended to explore potential joint ventures and new project opportunities across any sector where both entities can engage. An overarching objective of these discussions is to ensure that all legal considerations pertaining to this cooperation are duly acknowledged and addressed.
Acknowledging Sarawak's Oil and Gas Industry Aspirations

The federal government has officially recognised Sarawak's ambition to play a more significant role within the oil and gas (O&G) industry at the state level. This acknowledgment is a crucial element in fostering a collaborative environment for future developments. The commitment to engage with Sarawak's proposals underscores a willingness to integrate the state's vision into national O&G strategies.
The Role of Petros as an Aggregator

The upcoming Gas Distribution Ordinance 2016 (Amendment), effective from March 1, 2025, establishes Petros as the designated aggregator within Sarawak. This designation, when considered alongside the Petroleum Development Act 1974, clarifies the operational framework for gas distribution in the state. Importantly, this new role for Petros is structured to preserve all pre-existing approvals granted to Petronas and its associated subsidiaries, ensuring continuity.
Fostering Cooperation for Economic Ecosystem Participation

Sarawak Premier Tan Sri Abang Johari has articulated that Petros' involvement in the O&G sector is integral to Sarawak's broader strategy of participating in the economic ecosystem through cooperative efforts. He emphasised the necessity for both Petronas and Petros to work in tandem, highlighting a philosophy of shared resources and mutual benefit as key to this partnership. This approach signifies a commitment to a collaborative model for economic advancement.

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What is the primary goal of the federal and Sarawak government talks on Petros and Petronas?

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