No issue on petroleum revenue cash payments to Terengganu, says Finance Ministry

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KUALA LUMPUR: The issue of cash payments from petroleum revenue to the Terengganu government does not arise because no petroleum has been discovered a...

: The issue of cash payments from petroleum revenue to the Terengganu government does not arise because no petroleum has been discovered and extracted within the state.

The ministry said that cash payments from petroleum revenue will be paid directly to the state if discovered and extracted within the territorial waters of three nautical miles obtained from the low-tide line in accordance with Act 750.

 

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