NON-FICTION: The NewStraitsTimes reports

October 31, 2006

To balance the piucture of the goings-on in NegaraKu, I had given thee FICTION just now; I also have time and temeirty to give you NON-FICTION.
To APpeace the Angels (Much in Desi's vocabulary as always, because I have influenced quite many Y&A ala Sundaes With Desi ala Mitch Albom's TUESDAYS with MORRIE; and Iblis (not much in Desi's vocab util recently!) out in the Malaysian atmosphere, much polluted these dies. Doses of venom, anyone?(Yes, it's steal a rhetorical Q!: so don't answer Desi:(


Frontpage

Two mega deals
POWERING THE
DRAGON


>> P2

Petronas seals RM92b gas
deal with Shanghai firm

K. P. Waran reporting from
Nanning, China


PETRONAS has clinched two major deals in China involving the sale of liquefied natural gas and the production of cars using engines designed by its Malaysian team.

The national petroleum company, through its subsidiary LNG Tiga Sdn Bhd, has concluded an agreement to supply 3.03 million tonnes of LNG per year to Shanghai LNG Company Ltd over the next 25 years. The deal is expected to net Petronas US$25 billion (RM92 billion) based on current prices.

Another breakthrough is the teaming up with the technological partner for Nanjing Automotive Corporation.

The Chinese car manufacturer will produce 100,000 cars a year using three types of engines conceptualised and developed by an all-Malaysian Petronas team.

Announcing this yesterday, Prime Minister Datuk Seri Abdullah Ahmad Badawi said the projects were major accomplishments for Petronas and would take the bilateral trade between the two countries to a new level.

"Malaysia-China co-operation in energy resources, automotive and other industries is growing to the benefit of both countries," he said, adding that Chinese Premier Wen Jiabao had expressed happiness over the close economic ties between the two nations.

Abdullah, who held bilateral talks with Wen yesterday, said Malaysian entrepreneurs should not view China’s progress as a threat but as an opportunity to pursue joint ventures.
:
:
DESIDERATA:

I also rertrieve from my archives that the NATIONAL OIL CORPORATION, Petronas, had achieved these milestones before:


(1) For the financial year ended March 31, 2006, it reported Net Profit of RM43.6billion

(2) For FYE March 31, 2005, it reported Net Profit of RM35.5billion.

With the latest landmark deals by its subsidiaries overseas, Petronas will be on the march to even higher net profits come reporting March 31, 2007's statement of accounts.

(3) SO, Can we the Rakyat expect a full statement of accounts from Petronas, which is suppposed to be holding a dwindling national resource on behalf of the Rakyat (Yes/No?), so that we know where the profits are going?
I don't see Petronas sharing any goodies with us for the period March 2004-2005, March 2005-2006; instead we had at least THREE pump price rises, if I recall correctly (I am seated in front of my PC 24/7 three days a week ... to be corrected, oso to eran some B&B, and hoping Petronas to throw in some 'kaya', cun?)