You have a point there. But I personally have a different opinion about this topic.

Lets take the same antics example. Picture this, you are living in a house with full of antics and are selling them out. One guy from your village is willing to pay RM1 to buy one antic while another guy from village B is paying RM3.8 for one antic and also other guy from village C is paying RM6. As a business man, who would you sell it to?

A normal businessman will sell it to the guy paying RM6. Well, not that you wont sell anything at all to the guy who pay RM1, but you sell a lesser quality one to him. Business is like that, the higher price you pay, the better thing/service you get. You pay low price, you buy a kancil. You pay high price, you get a BMW.

The problem is not Malaysia selling our petrol overseas. Malaysia has to sell petrol for the nation’s income and economy. Of course, the businessman will sell it to the one who pays the highest price. (And there is no question that Petronas wont, for any reason, share their fortune with you) — your bother and sister take the trouble & difficulties to sell the antics from your house, they deserve the money that they earn. –

The problem is Malaysian currency is lower than most other Western countries. That is the main and also complicated problem. Of course, one way to solve this (improve this situation) is to encourage export and reduce import. One of the exports is petrol. If Malaysia stop selling petrol overseas, that may impact of our economy growth and currency.

Please note that I don’t belong to any government bodies or oil company. I am just a uni student and this is my personal opinion which may not reflect the truth and is open for discussion.

Thanks for starting this interesting topic.

Cheers,
William

Anyway, I wanted to emphasize on Minimum wage and spending power. Not so much on Petronas.

Come on lah, we both know Petronas if far behind compared to other O&G (HSE, Corporate Governance, Transparency etc.)

Ini la die orang kite, kene questioned skit, terus melenting. Read between the lines,.. please. Prove me you are smart.

(skis, I know you are smart, tp aku malas nak comment orang2 lain sekali)

ps: You’re right about the Melayu Bodoh. I’ve met tonnes too. Hambur supplier mcm gile. Die tak tau plak BOD die tu slalu pat my back.

Classy post dear friend.

I work for Schlumberger, Wireline Department, the highest profit gainer among other departments in Schlumberger.

My wife is an engineer for Petronas Carigali, the most prfitable and richest division of Petronas subsidiaries.

2007, Petronas paid 77% of its benefit to Government, as contracted in mutual agreement since they first started cari and gali in Malaysia. Tell me, how much is 77% from a RM100 Billion? To top that up, they also paid tax and bonus, also to the Government. And the other 23%? They need that for the employee bonuses, business expansion as well as further RND.

So we shouldn’t put the blame on Petronas at all actually. They did their part well. The only blame on them is for their employees yang berlagak nak mampus bila kerja ngan Petronas. I’ve met too many Malays (particularly) who work with Petronas and they just couldn’t keep their ass thin to hold a position in Petronas. I call them ‘Melayu Bodoh’. Not trying to be a racist as I am a Malay as well.

Monthly, I gain nearly tripple the wage of my wife, as a proof that Schlumberger does pay a lot to its employees, comparing to the cheapskate Petronas. Petronas is actually more than capable to pay that kind of salary, but they refuse to since the have take care the sentiment of citizenship in Malaysia. Cuba bayangkan, time minyak mahal nak mampus kat negara nih, and pekerja Petronas gaji berlambak-lambak? Dah tentu dah orang Melayu dengki, and of course those bashers will get back to Petronas.

Shit, I want to write more, but suddenly idea lari…sejuk sangat kot bilik nih….nanti aku sambung…

Remember, Petronas’ success today is emphasised with the success it has in the overseas venture, and in that sense it has closing in the gap with the older, bigger, more successful O&G companies. And if say any of u wanna argue that “Oh Petronas of cozlah success sebab amik minyak dr Malaysia” then get this: Petronas’ overseas venture is so successful that it accounts more than 40% of the group’s total revenue in year 2007. Also internationally Petronas face off with other O&G companies to get contract from foreign countries..it’s a level playing field there OK .

And in this industry, the competition is so tight that any info/secret that may be leaked (with all these ‘more details on EVERYTHING’) will cause any company to lose its competitive edge. Kinda like if you own a nasi lemak stall and u r so successful due to ur strategy (e.g. crispier ikan bilis, sweeter sambal, fresher supply of coconut milk etc.), then suddenly u have to disclose all down to the very last cents..surely all your competitors will close in for the kill, right? It’s not as if Petronas is losing money…why there’s no call for Proton, MAS or other GLCs to disclose all? They certainly need to answer few critical questions to us.
Isn’t it ironic….the more success you have, the more you contribute, but yet the more you get bashed. Typically Malaysian….

they should show the statistics, demand and supply figures. bring the numbers from the digging until the oil gets into the car.