Monday, February 20, 2012

Kelantan vs Petronas: Court sets June 1 for issue of law trial

KUALA LUMPUR: The High Court has fixed June 1 for the trial of the preliminary issue of law, in a civil suit filed by the Kelantan state government against Petronas over oil royalty.

Judge Justice Datin Zabariah Mohd Yusof made the ruling in chambers in the presence of both parties Monday.

In the suit filed on Aug 30, 2010, the Kelantan government named Petronas as the sole defendant for alleged breach of contract relating to cash payments to the state over oil revenue.

In the statement of claim, the state government is seeking, among others, an order to compel Petronas to make full and truthful disclosure of all facts relating to cash payments payable to Kelantan, including for the period when petroleum was produced, found or obtained off the coast of Kelantan, areas or blocks from where petroleum was found and obtained, and the total sum of cash payments that should be paid to Kelantan.

(Source - http://thestar.com.my)

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