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SapuraOMV agrees to divest its stakes in Peninsular Malaysia producing assets SapuraOMV Upstream (Malaysia) Inc ('SapuraOMV'), has agreed to sell its entire interests, under SOMV Upstream (PM) Inc. in various producing assets, located offshore Peninsular Malaysia to Jadestone Energy PLC, a Singapore-based, London-listed, an independent oil and gas company. These producing assets are PM323, PM329, PM318 and AAKBNLP Production Sharing Contracts (the 'PM Assets'). The agreed purchase price is USD 9 million, subject to closing adjustments. There are also contingent payments of up to U...
KUALA LUMPUR (Bernama): Petroliam Nasional Berhad (Petronas) and three other companies obtained leave to commence judicial review proceedings in the High Court here to challenge the action of the Inland Revenue Board (IRB) in imposing additional tax assessments totalling RM3.6bil between 2010 and 2017. Lawyer S. Saravana Kumar informed the court that IRB did not object to the application and agreed that leave be given to the company to initiate a judicial review application through a draft consent order provided by the company. "The draft consent order is prepared by us and to save court time...
15 Dec 2020 / 16:24 H. KUALA LUMPUR: Petroliam Nasional Berhad (Petronas) and three other companies obtained leave to commence judicial review proceedings in the High Court here to challenge the action of the Inland Revenue Board (IRB) in imposing additional tax assessments totalling RM3.6 billion between 2010 and 2017. Lawyer S. Saravana Kumar informed the court that IRB did not object to the application and agreed that leave be given to the company to initiate a judicial review application through a draft consent order provided by the company. “The draft consent order is prepared by us a...