5 members already appointed to Petros board
KUCHING: The board of directors of Petros, Sarawak’s whollyowned oil and gas company, consists of retirees from Petronas and Shell, says Chief Minister Datuk Amar Abang Johari Tun Openg.
He said five members of the board, all Sarawakian, had already been appointed and would soon hold their first meeting to decide on Petros’ first chief executive officer.
“It is in the formative stage. The important thing is that we must have our own vehicle (in this industry), then we will work with Petronas, particularly in upstream activities,” he said after officiating the opening of the International Conference on Language Studies here yesterday.
Abang Johari said he would inform the state legislative assembly at its November sitting on the company, which had been tasked to look after Sarawak’s interests in the oil and gas industry.
The chief minister announced the formation of Petros last week.
It had been reported that the company’s formation was an unprecedented step taken by the state government to enable Sarawak to actively participate in the extraction of its oil and gas reserves while still pursuing its request for 20 per cent royalty from Petronas. Bernama