CONSIDER, the following READ : Since 1974 to last year, Petronas has paid RM1.3 trillion to the government. However, today in our National Trust Fund (KWAN), there's only RM16 billion.
WHY do you think, the amount is so low and what have this got to do with Petronas rolling out the red carpet in good times for the sons of the ex Prime Minister's and then going all out to protect them and ensure that their billionaire status are not jeopardised when times are bad?
A lot actually, when one considers when Dr Mahathir was the Petronas advisor how , the national oil company in 2011 awarded READ : The Berantai field, located about 150 km offshore Terengganu , marginal oilfield contract to Mokhzani Mahathir's Kencana Petroleum Bhd and his soon to be merger partner Sapuracrest Petroleum
DO you know what the peak price of Brent crude oil was back in 2011? Well it was at a VIEW : historical high of US$113.39 per barrel, which means Mokhzani Mahathir was basically printing his own money back then.
IF you observe the price closely, when the prices of crude oil fell in 2014, to US$53.45 per barrel, guess what Petronas did ?
WELL the national oil and gas company actually paid Mokhzani Mahathir and friends READ :to buy back the oil fields, so that the sons of the ex Prime Minister's won't end up losing their underwear