Skittish, vague, sulky and insecure. That’s what I am.
2 Jul
2 Jul
and I liked it? Hahah..Only that I’m not gay haha.. I support lesbianism only if both girls are hot and I get to watch heheh..
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29 Jun
Received this on my Gmail account..
Dear all,
After reading all the chain mails and blogs, I feel called to reply, because of the relentless attacks and allegations — most of which are INACCURATE or BASELESS — against PETRONAS.
PETRONAS’ STAFF SALARY & BONUS
1) The salaries paid to PETRONAS’ employees are not as high as people think. At best, they are just industry average. And these are not attractive enough for lots of who already left PETRONAS to find work at other companies (mainly from the Middle East ) which are willing to pay more. Why do they pay more? The oil and gas industry worldwide has been facing acute shortage of qualified or experienced personnel, so most companies are willing to pay lots of money to entice and pinch staff from their competitors.
Bonus? There has NEVER been a bonus amounting to 6 months or 12 months throughout the 33 years. On average, it is 2 months. But don’t ever think we don’t deserve it. We more than deserve it. A lot of us work really hard, some in the most extreme of conditions. Those who have been to and worked in northern Sudan , for example, would testify that it’s like working in a huge blower oven. Southern Sudan , on the other hand, is almost all swamps and mud. Imagine having to go through that kind of heat, or waddling in muddy swamps, day in and day out.
QUALITY OF CRUDE & REFINED PRODUCTS
2) Malaysia produces about 600,000 barrels of crude oil per day (and about 100,000 barrels condensate). Of this crude volume, 339,000 barrels are refined locally for local consumption. The rest is exported (and yes, because it has lower sulphur content it fetches higher prices).
Malaysia also imports about 230,000 barrels of crude oil per day, mainly from the Middle East , to be refined here. This crude oil contains higher sulphur and is less expensive (so the country gains more by exporting our crudes). In Malaysia , this crude is processed by PETRONAS at its second refinery in Melaka, and also by Shell at its Port Dickson refinery.
Different refineries are built and configurated to refine different types of crude. And each crude type yields different percentage of products diesel, gasoline, kerosene, cooking gas etc) per barrel.
But most importantly, products that come out at the end of the refining process have the same good quality regardless of the crude types. That’s why PETRONAS, Shell and Exxon Mobil share the same pipeline to transport the finished products from their refineries to a distribution centre in the Klang Valley . The three companies collect the products at this centre accordingly to be distributed to their respective distribution networks. What makes PETRONAS’ petrol different from Shell’s, for example, is the additive that each company adds.
PETRONAS’ ROLE, FUNCTION & CONTRIBUTION
3) A lot of people also do not understand the role and function of PETRONAS, which is essentially a company, a business entity, which operates on a commercial manner, to mainly generate income and value for its shareholder. In this case, PETRONAS’ shareholder is the Government. In 1974, when PETRONAS was set up, the Government gave PETRONAS RM10 million (peanuts, right?) as seed capital. From 1974 to 2007, PETRONAS made RM570 billion in accumulated profits, and returned to the Government a total of RM335.7 billion. That is about 65% of the profits. That means for every RM1 that PETRONAS makes, 65 sen goes back to the Government.
Last year, PETRONAS made a pre-tax profit of RM86.8 billion. The amount given back to the Government (in royalty, dividends, corporate income tax, petroleum products income tax and export duty) was RM52.3 billion. The rest of the profit was used to pay off minority interests and taxes in foreign countries (about RM7.8 billion - PETRONAS now operates in more than 30 countries), and the remaining RM26.7 billion was reinvested. The amount reinvested seems a lot, but the oil and gas industry is technology- and capital-intensive. Costs have gone up exponentially in the last couple of years. Previously, to drill a well, it cost about US$3 million; now it costs US$7 million. The use of rigs was US$200,000 a day a couple of years ago; now it costs US$600,000 a day.
A lot of people also do not realise that the amount returned by PETRONAS to the Government makes up 35% of the Government’s total annual income, to be used by the Government for expenditures, development, operations, and yes, for the various subsidies. That means for every RM1 the Government makes, 35 sen is contributed by PETRONAS.
So, instead of asking what happens to PETRONAS’ money or profits, people should be questioning how the money paid by PETRONAS to the Government is allocated.
CRUDE EXPORTS & FUEL PRICES
4) A lot of people also ask, why Malaysia exports its crude oil. Shouldn’t we just stop exporting and sell at cheaper prices to local refiners? If Malaysia is an oil exporting country, why can’t we sell petrol or diesel at cheaper prices like other oil producing countries in the Middle East ?
I guess I don’t have to answer the first couple of questions. It’s simple economics, and crude oil is a global commodity.
Why can’t we sell petrol and diesel at lower prices like in the Middle East ? Well, comparing Saudi Arabia and other big producers to Malaysia is like comparing kurma to durian, because these Middle Eastern countries have much, much, much bigger oil and gas reserves.
Malaysia has only 5.4 billion barrels of oil reserves, and about 89 trillion cubic feet of gas. Compare that to Saudi Arabia ’s 260 billion barrels of oil and 240 trillion cubic feet of gas.
Malaysia only produces 600,000 barrels per day of oil. Saudi Arabia produces 9 million barrels per day. At this rate, Saudi Arabia ’s crude oil sales revenue could amount to US$1.2 billion per day! At this rate, it can practically afford almost everything — free education, healthcare, etc, and subsidies — for its people.
But if we look at these countries closely, they have in the past few years started to come up with policies and strategies designed to prolong their reserves and diversify their income bases. In this sense, Malaysia (and PETRONAS) has had a good head start, as we have been doing this a long time.
Fuel prices in Malaysia is controlled by the Government based on a formula under the Automatic Pricing Mechanism introduced more than a couple of decades ago. It is under this mechanism that the complex calculation of prices is made, based on the actual cost of petrol or diesel, the operating costs, margin for dealers, margin for retail oil companies (including PETRONAS Dagangan Bhd) and the balancing number of duty or subsidy. No retail oil companies or dealers actually make money from the hike of the fuel prices. Oil companies pay for the products at market prices, but have to sell low, so the Government reimburses the difference — thus subsidy.
Subsidy as a concept is OK as long as it benefits the really deserving segment of the population. But there has to be a limit to how much and how long the Government should bear and sustain subsidy. An environment where prices are kept artificially low indefinitely will not do anyone any good. That’s why countries like Indonesia are more pro-active in removing subsidies. Even Vietnam (which is a socialist country, by the way) is selling fuel at market prices.
PETRONAS & TRANSPARENCY
5) I feel I also need to say something on the allegation that PETRONAS is not transparent in terms of its accounts, business transactions etc. PETRONAS is first and foremost a company, operating under the rules and regulations of the authorities including the Registrar of Companies, and the Securities Commission and Bursa Malaysia for its listed four subsidiaries (PETRONAS Dagangan Bhd, PETRONAS Gas Bhd, MISC Bhd and KLCC Property Holdings Bhd.
PETRONAS the holding company produces annual reports which are made to whomever wants them, and are distributed to many parties and places; including to the library at the Parliament House for perusal and reading pleasure of all Yang Berhormat MPs (if they care to read). PETRONAS also makes the annual report available on its website, for those who bother to look. The accounts are duly audited.
The website also contains a lot of useful information, if people really care to find out. Although PETRONAS is not listed on Bursa Malaysia , for all intents and purposes, it could be considered a listed entity as its bonds and financial papers are traded overseas. This requires scrutiny from investors, and from rating agencies such as Standard & Poor and Moody’s.
BOYCOTT PETRONAS?
6) The last time I checked, this is still a democratic country, where people are free to spend their money wherever they like.
For those who like to see more of the money that they spend go back to the local economy and benefiting their fellow Malaysians, perhaps they should consider sticking to local products or companies. For those who like to see that the money they spend go back to foreign shareholders of the foreign companies overseas, they should continue buying foreign products.
FINAL WORD (FOR TODAY)
I’m sorry this is rather long, but I just have to convey it. I hope this would help some of you out there understand something. The oil and gas industry, apart from being very capital intensive, is also very complex and volatile. I’m learning new things almost every single day.
Appreciate if you could help to forward this response to as many contacts as possible to counter the subversive proposal out there.
Thank you.
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29 Jun
Make a Lensless Microscope - video powered by Metacafe
Cool! But it’s only 4X.
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19 Jan
I googled her name after my friend Bosnia suggested and to my surprise found many links even into Israeli’s blog. I got some pictures of her but I cannot show it here lah.. Ask Kasyah to show for you haha..
Some links:
The reason that I like to look at the pic is because she looks a bit like my ex-girlfriend, and I googled it because I want to make sure that the guy with her is not me hahah..
Enjoy..
P/S - If you want to see uncensored real pics, just google her name. Some sites still hold dying links..
Now this is a text from a comment by some person named tralalala on Syamsulariff.com
apa yang cakap disini mmg betul pon. in fact its so much more. saya dah nampak dgn mata sendiri so mmg saya tau sgt. bukan nak dengki ke apa tapi dia ni mmg stuck up dan kaki dadah. bukan setakat ice (dia dealer jugak), kaki ketamine (even snort dlm kereta sebelum ke mamak dan dalam club) dan dadah lain2 tu tak payah cerita la kan. pepaham je laa. minum sampai mabuk terbalik dalam club tu lagi la sampai terkangkang2. dah tau dah jadi artis tu jgn la buat perangai. kalau hang sume tak caya, check la urine dia dan gi la club2 mlm tgk dia mcm mana. tapi setahu saya dadah chemical ni cepat hilang dalam badan. dan mmg betul pon tetek dia tu bukannya betul pon. dia gi besarkan. masa dia kecik, dia dikenali sebagai papan keretapi so hang pepaham je la ye. dlm metro dia tak mengaku kan? laki tu anak orang kaya dan laki tu ex boyfren dia.. nama dia tak perlu la cakap disini.so dia tak nak mengaku jugak?! rantai Z dia tu apa? and telinga dia mmg tindik tiga pon.. so nak cakap tu bukan dia mmg tipu la kan. saya kenal dia dah lama sgt tau sgt perangai dia mcm mana hahaha berlagak nak mampos! baru jadi lead actress dah berlagak mcm tu! kalau lawa takpe jugak. setakat mixed blood, melayu sejati lagi lawa!dia tu baik jadi pontianak terus! hahaha habis la career dia lepas ni.. apa nak jadi ngn anak melayu zaman skrg?! memalukan nama melayu jer. banyak lagi gambar dia kat [site deleted] sumer gambar bogel tu mmg dia. CONFIRMED 500%!
It’s in Bahasa Malaysia. Learn Bahasa Malaysia if you don’t understand.
elia: she leaked these photos herself. u guys dont know anju, she's fucking crazy up there. she'd do anything to get attention. she's a drug dealer, not to mention an addict as well. she's hard on ice esp. she's been in and out of rehab so many times that i think the whole neighbourhood knows. that guy in the nude pictures with her is her ex boyfriend. it was a long time ago. i met him once through her. as far as i could remember, she was the one who wasn't over him, now she's manipulating things to make it look like he did it. ahah how typical. believe what u guys want but im just stating what i know.. be careful!
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