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Sabah s foray into oil and gas has risks | Daily Express Malaysia - Sabah s Leading News Portal

AN article in a major weekly business magazine reported Sabah Maju Jaya (SMJ), an oil and gas (O&G) company that is wholly owned by the Chief Minister Inc of Sabah, is looking to acquire six more O&G assets from Petronas in the next six to 12 months.

More gains in oil and gas sector

CHIEF Minister Datuk Seri Hajiji Noor lauded Sabah’s official acquisition of 25 per cent equity in Petronas Chemicals Fertiliser Sabah Sdn Bhd (PCFS), giving State-owned SMJ Sdn Bhd (SMJ) a stake in PCFS’s world-scale ammonia and urea production facilities.

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