Sabah reaps RM1.5bil in cumulative revenue through state-owned SMJE
KOTA KINABALU: Sabah has obtained RM1.5bil in revenue from crude oil and gas sales since 2023. This is after state-owned SMJ Energy Sdn Bhd (SMJE) reached its seventh crude oil lifting under the Samarang Production Sharing Contract (PSC) in December 2024. In a statement on Saturday (Dec 14), SMJE said this lifting involved approximately 300,000 … Read more
