KUALA LUMPUR: Forty-seven opposition MPs have petitioned Petronas urging the national oil corporation to pull out from Myanmar until its government recognises the rights of the Rohingya.
PKR’s Pandan MP Rafizi Ramli, who spoke for the group, said they had written to Petronas chief executive officer and president Wan Zulkiflee Wan Ariffin seeking a meeting to discuss the issue.
“Petronas has invested in several projects in Myanmar. However, only the Yetagun gas field in the Andaman Sea is in production.
“Petronas took up a stake in the project after an American investor withdrew,” he told a news conference in Parliament today.
Rafizi said returns from Petronas’ investments in Myanmar were insignificant and it could afford to quit the country without suffering a major impact.
He pointed out that production of gas from the Yetagun field was already diminishing rapidly and it was forecast to be depleted by 2030.
In addition, he said, the project was not yielding large returns to Petronas since gas prices remained depressed unlike the rising crude oil prices.
In other investments, he said Petronas was either only carrying out test drilling for oil or still in the exploration and development phases, while its lubricant business was returning meagre profits.
Rafizi said the petition was the first step to build a campaign that would support the global pressure on Myanmar until it agreed to recognise the citizenship rights of the Rohingya people.
“Petronas, as a flag carrier for the nation, should not do business with a country whose actions we detest,” he said.