Prime Minister Datuk Seri Anwar Ibrahim has voiced strong belief that the fresh alliance between national oil and gas giant Petronas and Sarawak’s state-run energy company Petros will deliver mutual gains for Sarawak and Malaysia as a whole.

Speaking today, Anwar mentioned that the partnership—focused on tapping onshore and near-shore gas reserves in Sarawak—was designed to guarantee equitable revenue distribution, stimulate employment opportunities and facilitate technology transfer to the state. He affirmed that the federal government fully backs Petros’ enhanced role in overseeing local hydrocarbon assets, while retaining Petronas’ upstream expertise.

Under the agreement’s framework, Petronas retains the majority participating interest and Petros secures a significant equity share. This blended model aims to leverage Petronas’ technical proficiency and capital-raising strength alongside Petros’ in-depth knowledge of Sarawak’s geology and infrastructure.

Anwar pointed out that this initiative dovetails with broader efforts to expand the Sarawak Corridor of Renewable Energy (SCORE) through gas-fired power generation and downstream petrochemical ventures. “This collaboration sets up new industries, more skilled jobs and higher state revenues,” he explained. “Simultaneously, it upholds Sarawak’s constitutional rights over its natural resources.”

Sarawak’s Minister of Tourism, Creative Industry and Performing Arts, Datuk Abdul Karim Rahman Hamzah, hailed the deal as a major win for the state. He noted that Petros will utilise its local networks to accelerate field development, while Petronas will manage drilling, production and export logistics under recognised international standards.

To keep the project on schedule, the prime minister urged both entities to fast-track the necessary approvals—from Malaysia Petroleum Management, the Ministry of Finance and other relevant agencies—and to commence exploration and production before the year’s end. He also reiterated the federal government’s commitment to resolving any future regulatory or fiscal matters through continuous dialogue with Sarawak’s leadership.

By merging Petronas’ global industry standing with Petros’ regional expertise, Anwar added, this partnership promises a genuine win-win: bolstering national energy security and economic growth, while ensuring Sarawakians gain a fair share of their own resource wealth.

📊 Miri Property Market Insight

The Miri real estate sector remains on an upward trend, powered by new infrastructure projects, oil & gas industry activity, population growth and rising demand for both rental and resale properties. Keeping updated on the latest developments, price movements and government regulations helps buyers and investors make informed choices.

💡 What This Means for Buyers & Investors

For homebuyers, Miri offers options from affordable units to premium gated & guarded communities. Investors can target attractive rental yields in strategic areas like Marina, Permyjaya, Taman Tunku and city-centre apartments. Newly launched projects also present opportunities with early-bird prices and developer incentives.

🔗 Useful Resources

• Current Properties for Sale in Miri
• Current Properties for Rent in Miri
• Upcoming Project Launches in Miri
• Available Land for Sale in Miri
• Miri Property Agents
• Property Guides & Advice (Malaysia)

Note: This article was automatically sourced from reputable news outlets. Information is provided for general reference only. Always verify project specifics, pricing and investment decisions with licensed agents or official developers.