KUCHING (Feb 25): The High Court’s decision today does not affect Petroleum Sarawak Berhad (Petros) in pursuing further legal action to clarify its rights under the Distribution of Gas Ordinance 2016 (DGO 2016). In a statement issued hours after the proceedings, Petros said it would carefully review the written judgment and consider the appropriate legalRead More

KUCHING (Feb 25): The High Court here has ruled that Petroliam Nasional Berhad’s (Petronas) demand for a bank guarantee of RM7.95 million from Petroleum Sarawak Berhad (Petros) was valid. Judge Datuk Faridz Gohim Abdullah held that Petros had failed to prove that the call on the bank guarantee was either unconscionable or unlawful. On constitutionalRead More

KUCHING (Feb 25): Today’s court decision between Petroliam Nasional Berhad (Petronas) and Petroleum Sarawak Berhad (Petros) is purely a commercial matter, said Deputy Minister in the Sarawak Premier’s Department Law, MA63 and State-Federal Relations) Datuk Sharifah Hasidah Sayeed Aman Ghazali. According to a Sarawak Public Communications Unit (Ukas) report, she emphasised that the ruling doesRead More

KUCHING (Feb 25): The High Court here has ruled that Petroliam Nasional Berhad’s (Petronas) demand for a bank guarantee of RM7.95 million from Petroleum Sarawak Berhad (Petros) was valid. Judge Datuk Farids Gohim Abdullah held that Petros had failed to prove that the call on the bank guarantee was either unconscionable or unlawful. On constitutionalRead More