Petrol Malaysia

Dear Reader, My sincere apologies for not updating this blog recently. Thank you for dropping by to read. Introduction: The Two Blocks Recently, ex-premier Tun Dr Mahathir in his blog, Che Det , raised the issue of why nobody raised eyebrows when two oil-rich blocks in Sarawak became part of the state of Brunei. The two offshore blocks, named Block L and Block M, have been claimed by Malaysia based on historical facts. The ex-premier described the two blocks as containing reserves of nearly "almost 1 billion barrels" and remarked that Malaysia stood to lose "at least USD100 billion (about RM320 billion)". (Ref: Tun Dr Mahathir's blog, 12th April 2010. Malaysia's Generosity .) Tun Dr Mahathir had referred to three articles in his piece, namely: The Edge, 22nd April 2010. Murphy Oil says Petronas terminates PSC for 2 blocks. Quote: "... following the execution of the exchange of letters between Malaysia and Brunei on March 16, 2009, the offshor...

1st February 2009 is Federal Territories Day, or better known as Hari Wilayah Persekutuan. It is a public holiday, but since it falls on a Sunday this year, tomorrow will be a public holiday. The Federal Territories in Malaysia consist of Kuala Lumpur, Putrajaya and Labuan. Of the three, Putrajaya has been the newest area to be added. It was the brainchild of Tun Dr Mahathir, in an effort to move traffic congestion away from the nation's financial capital. The creation of an administrative centre was an effort to mimic Washington's relation to New York. The other territory, Labuan, is famous as an offshore financial centre. The problem of congestion in Kuala Lumpur has abated somewhat. The city seems to be growing outwards. More and more businesses are moving their premises to new locations, where rentals are cheaper and they can access new client bases. New highways and the extension of the light railway train (LRT) also contribute the decisions of urban folks who have decided...