Sabah earned RM580mil from sales of crude oil to Shell, says Masidi

6 months ago 49

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Sabah & Sarawak
Monday, 20 May 2024
2:54 PM MYT

KOTA KINABALU: Sabah hopes to continue earning from its collaboration with Shell International Eastern Trading Company (SIETCO) as it extends its one-year Sales and Purchase Agreement (SPA) to three years.

State Finance Minister Datuk Seri Masidi Manjun said through the state-owned SMJ Energy Sdn Bhd (SMJE), Sabah had gained revenue of just under RM580mil through sales of four cargoes of crude oil to date.