Oil royalty: No petroleum extracted within T’ganu waters, Putrajaya says

The issue of cash payments from petroleum revenue to the Terengganu government does not arise because no petroleum has been discovered and extracted within the state.

The Finance Ministry stated that any revenue from the petroleum fields off the east coast of Peninsular Malaysia is found and obtained outside the state's territorial waters, which is beyond three nautical miles from the low-tide line of the territorial sea in accordance with the Territorial Sea Act 2012 (Act 750)...