View issues with Tan Seng Giaw

Wednesday, June 05, 2013

Manage petrol revenue wisely

Malaysian oil reserve must be managed well. Billions of ringgits of oil revenue should be used to benefit the public. It should be invested for long-term public good.

In the oil industry, part of the revenue is for  investment, maintenance and development.  These are reasonable. But they must follow international standards.

Today, Petronas insists that its overseas operations are transparent, conforming with international standards. Rightly, the people are very concerned with Petronas and oil revenue.


Post a Comment

<< Home