KUALA LUMPUR (Oct 2, 2013): A DAP MP is urging the
government to amend the Petroleum Development 1974 Act and allow the
Auditor-General to investigate and audit national oil company Petronas'
account.
Taiping MP Nga Kor Ming said it is timely that the government amend
the act to allow for a more transparent and accountable manner in
managing the country's wealth in the oil and gas sector.
"It is not a private company but one placed under a statute. Why then
was an audit never carried out before?" asked Nga in a press conference
at the Parliament lobby today.
He said that currently, only Prime Minister Datuk Seri Najib Abdul
Razak has access to Petronas's accounts and its internal audit reports.
"This is not right as the people deserve to know what is going on
with regards to Petronas's financial situation, since it contributes 40%
to the country's revenue," he said.
Nga also said Petronas had paid the government a total of RM732
billion, based on a written reply provided by the Prime Minister's
Department.
The reply reveals that Petronas paid RM278 billion in company
dividends, RM124 billion for petroleum revenue, RM310 billion in income
tax and RM20 billion was paid on export duty.
"The national oil company's revenue must be made public for the people's interest," Nga - added. thesundaily
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