PETRONAS in early days...

Credit to mycitizen for these archival videos.


Summary
- Tengku Razaleigh explained the difficulties and obstacles in the early stages of Petronas and the needs to amend Akta Kemajuan Petroleum 1974.
- Tengku Razaleigh stressed on why the country's wealth and resources belongs to the rakyat.



Summary
- He explained the structure of oil royalty between federal and states government.
- He gave example on how and what past tin companies had been doing to the country's reserves.
- He again stressed, for the benefit of the country and rakyat, that Petronas must control and manage oil and gas resources properly.
- He had hoped that, with proper training, our own citizen should be given a role to take part and perform in the oil & gas and other related industry as well, not just a spectator.



Summary
- He continued to explain further on how can the rakyat benefit from the oil & gas industry including the rural folks.


Summary
- He further explained that scholarships will be given out, and these students will then have their stint in foreign companies before being absorbed to PETRONAS to apply, innovate and improve on the PETRONAS, be it in managerial or technical facets.