QUESTION 4

If the national petroleum company, Petronas, pays a 5% royalty to Terengganu State and if the amount paid is RM800,000,000 per year, how much should Petronas have in the bank accumulated over the last 25 years?

ANSWER (Choose one)

1. Nobody is supposed to know as Petronas need not show its accounts to anyone except the Prime Minister and this information comes under the Official Secrets Act.

2. Petronas earns only 50% of its petroleum revenue from Terengganu so Petronas' total income accumulated in the banks over 25 years should be RM800 billion.

3. Petronas has nothing accumulated in the bank as all the money has spent bailing out companies and finance mega projects.