rocky's bru

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Shamsul's RM100 billion in 3 years Posted: 16 Nov 2013 11:11 PM PST Building Bumis. They say the Majlis Tindakan Ekonomi Melayu (MTEM), which is demanding the resignation of Petronas CEO Shamsul Azhar Abbas because the national oil company is allegedly NOT doing enough for the Malays, has the blessings of Dr Mahathir Mohamad. Shamsul, A straight oil man What rubbish.  Dr M is the Advisor to Petronas. While the CEO reports to the Board and to the Prime Minister, Tan Sri Shamsul is said to meet Dr Mahathir regularly to keep him in the loop on his plans and progress.   Now why would Dr M give his blessings to some outside party like MTEM to attack the organisation and its CEO that are advised by him? Any attack on Petronas' policies will eventually be used against Dr Mahathir himself.  The PAS Research Centre, led by its Executive Director Dr Dzulkefly Ahmad, who lost the May general election to an Umno rookie, is doing exactly that. Read Mahathir perlu nasihat Petronas (Harakah, 14 Nov) and Apa masalah Petronas dengan orang Melayu, wahai Tun Mahathir? Predictably, the good, old cronyism specter is given a new lease of life. Instead of viewing Petra, Dialog, Scomi and SapuraKencana as part of Petronas's (and the Government's) success in creating our own oil and gas giants, these Malaysian companies are seen, at best, as mempunyai hubungan intim dengan penguasa politik ... and, at worst, as being part of an amalan kronisme yang menjadi petualang besar, sekaligus mencekik usahawan tulen Bumiputera khasnya dan entiti tempatan yang lain amnya. The Advisor, 86th floor Petronas Tower 1 Petronas' track record in helping Malay companies make it in the oil and gas sector speaks for itself.  In 2012 RM54.8 billion worth of oil and gas projects were given by Petronas to majority-Bumiputera companies. In 2011, RM29.3 billion. In 2010, Petronas awarded  RM25.9 billion worth of projects to these Bumiputeras.  That's some RM110 billion in just the 3 years since Shamsul was made Petronas CEO (in February 2010). Tun was made Advisor of the national oil corporation in November 2003 and I think no one alive has done more for the Bumis than Dr M has. What has MTEM and Dr Dzul's think-tank done for the Malays?

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