As you can see, the global oil price has actually dropped over the last few years. So why has the domestic oil price gone up by 20 sen per litre?(more…)
Category: Energy resources
Was the 1992 blackout across wide swathes of the nation avoidable? Was it to pave the wave for the privatisation of TNB?
Selangor Kini, bearing the copyright of the Selangor state government, has published a report about former TNB CEO Ani Arope’s memoirs in which he claims the 1992 blackout need not have occurred as TNB had already made plans to expand capacity to meet future demand. (more…)
Francis, the Bishop of Rome, has been photographed with anti-fracking activists from Argentina. That’s not surprising. At the start of his ministry in the Vatican, Francis had mentioned his concern about our broken relationship with Creation. He is now believed to be preparing a major new encyclical on the environment.(more…)
Update: According to Forbes, Mokhzani was the 15th richest Malaysian as of February 2013, with a net worth of US$980m (RM3.2bn). “Mahathir Mokhzani reaped 43% gain in wealth after his Kencana Petroleum merged with Shahril and Shahriman Shamsuddin’s (No. 12) SapuraCrest. Serves as executive vice chairman of what is now Malaysia’s largest oil and gas service provider, SapuraKencana. Father is former prime minister Mahathir Mohamad.”
SapuraKencana Petroleum Bhd, whose executive vice-chairman and part owner is Mokhzani Mahathir, has reportedly entered into a partnershp with Vestigo Petroleum Sdn Bhd, a subsidiary of Petronas, to bid for a second risk service contract to extract oil from a marginal oil field.