http://www.thenutgraph.com/terengganus-slippery-oil-royalty
January 8, 2009
PUBLICISED figures on the amount of oil royalty remitted to Terengganu don’t match. And because no clear explanation is forthcoming, expect the issue to be exploited by PAS, and glossed over by the Barisan Nasional (BN) in the Kuala Terengganu parliamentary by-election.
PAS promises to flog the issue in its campaign. The BN, however, already considers the subject closed, as the federal government has promised to repay the balance of oil royalty due, which is now being calculated. It will also let Petronas pay the full amount of 5% directly to the state every six months, beginning March 2009.
