Tag Archives: Rafizi Ramli

SURAT TERBUKA KEPADA YB RAFIZI RAMLI

Sebab sekarang ini macam dah trend, asal sahaja ada perkara yang tak puas hati mesti nak tulis surat terbuka, maka MatRodi juga nak tulis surat terbuka. :-p

rafizi

Ke hadapan Ahli Parlimen Pandan YB Rafizi Ramli.

Politik Malaysia bertuah kerana mempunyai seorang ahli politik yang dikatakan bijak pandai, petah berbicara dan otak bergeliga. Tetapi bijak pandai sahaja tidak menjamin seseorang ahi politik itu untuk tidak menjadi bijak auta dan berkata dusta.

YB adalah perancang Kajang Move. Kononnya ia penting untuk misi ke Putrajaya di samping menghalang kejatuhan Selangor daripada gerakan ultra Tun Dr Mahathir.

Tetapi hairannya, selepas 8 bulan, yang saya nampak hanyalah Tun Dr Mahathir dilantik menjadi Pengerusi Proton, bukannya Pengerusi Perhubungan Negeri BN Selangor.Tidak mungkin kerana pejabat Proton di Selangor maka YB berasa Tun Dr Mahathir cuba merampas Selangor.

Apapun pada forum malam semalam, YB berkata Kajang Move adalah untuk menggantikan TS Khalid kerana beliau disyaki mempunyai masalah integriti. Yang menggelikan hati saya adalah apabila YB berkata ‘what we heard was enough for us to initiate the Kajang Move without enough document on Tan Sr Khalid.’.

Adakah ini bermakna saya boleh mendesak YB daripada menjadi ahli parlimen Pandan walaupun saya tidak ada bukti kukuh tentang ‘cakap-cakap’ liar mengenai skandal YB dengan syarikat konsesi air SPLASH?

YB juga berkata sanggup kalah pilihanraya di Selangor demi prinsip. Bolehkah saya ingin mencadangkan agar YB- atas nama prinsip- lancarkan Segambut Move untuk desak DS Anwar Ibrahim yang buktinya lebih daripada 50 muka surat mengenai salah laku, krisis moral dan integritinya untuk berundur daripada menjadi ahli politik? Boleh? Atau tidak boleh kerana semua itu konspirasi?

Antara isu yang dibangkitkan YB adalah urusan jual beli tanah di antara kerajaan Negeri dengan pemaju Eco World. Ini sangat aneh memandangkan TS Khalid telah membekukan kelulusan pembangunan di 1,172 ekar tanah di Canal City selepas Tropicana menjual 308 ekar  daripada tanah yang dibeli daripada Selangor kepada Eco World untuk ‘easy money’.

Oleh itu, mengapa YB menyalahkan TS Khalid yang cuba mengajar pemaju hartanah tersebut? Bukankah apa yang beliau lakukan itu selari dengan prinsip integriti yang YB canangkan? Atau sebenarnya ada sesetengah ahli politik di belakang pemaju iini?

YB, saya faham yang jarak Selangor lebih dekat dengan Kemaman berbanding Pulau Pinang. Oleh itu mungkin YB telah terlepas pandang mengenai urusan jual beli tanah di bawah harga pasaran yang telah berlaku di Penang Waterfront dan Penang Turf Club oleh IJM Land dan Berjaya Land.

Pada masa yang sama pembinaan terowong bawah laut di Penang yang bernilai RM4.3 Biliion telah dijalankan tanpa tender terbuka dan akan menyebabkan rakyat Penang membayar tol. Bukankah ini bertentangan dengan apa yang YB perjuangkan mengenai pembinaan Kidex?

Mengapa prinsip YB tidak diserlahkan di negeri Penang dengan mendesak Lim Guan Eng berundur sebagai Ketua Menteri?

Bukan sahaja YB sudah kantoi menipu, tetapi YB juga bersikap hipokrit dan double standard. Sesungguhnya saya amat sedih kerana saya melihat YB adalah harapan rakyat Malaysia dan saya begitu kagum dengan prinsip YB.

Akhir kalam saya akhiri dengan serangkap pantun untuk YB:

Orangnya bijak, petah berkata-kata.
Bukan anak Selangor tapi orang Kemaman,
Langkah Kajang semuanya dusta,
Silap hari bulan, YB boleh kena tangan.

MatRodi

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PETRONAS’ Venture in Canada

YB Rafizi Ramli- arguably Malaysia’s whistle-blower icon has recently come up with a fantastic analysis on the recent venture by his former employer- Petronas in Canadian shale gas business. He claimed that Petronas’ investment worth RM16 billion is at risk because of the exorbitant acquisition of Progress Energy (77% more than the market price) at the time when other oil and gas companies suffered billions of dollars in losses from shale gas projects.

To summarize, YB Rafizi said ‘never in our history has so much money been committed to a single venture as risky as this’.

I respectfully disagree with him.

First, it is a normal practice to acquire valuable assets at such a premium price. China National Offshore Oil Corporation (CNOOC) paid close to RM50 billion for Nexen Inc stakes, representing a 61% premium. Exxon Mobil agreed to buy Celtic Exploration Ltd at a 45% premium. 5 years ago, Maybank has been criticised for acquiring Bank International Indonesia (BII) at four times the asset value of BII. Now its profit consistently grows at 15% per year.

Second, Canada is the most active market for oil & gas merger and acquisitions. Already more than RM170 billion worth of transactions has been made in 2013 accounting 20% of upstream segment. It means all the major players are craving for a slice of the deal in this country. Therefore, any offer being made must be very attractive to fend off other competitors.

Third, this is a deal that Petronas can’t afford to lose. As the world leader in LNG technology and one of the largest shippers of the fuel globally, Petronas needs to increase its reserve. With the acquisition of Progress Energy, Petronas’ gas reserve could last for 70 years. The asset will be passed on to future generations, thus making the deal justified for 77% more than the market price.

After all, where can you find such a huge reserve? China may have it. But it is located at undeveloped locations where the operational cost is high. Some rich-oil middle-east countries are not really a good choice, thanks to political uncertainties. In America, the market is saturated.

Admittedly, a few big oil companies were forced to write off billions of ringgit from their investments into shale gas extractions. But all of these losses were made in the US market where the gas price is too low because of oversupply.

Unlike these players, much of that gas in Petronas’ venture won’t end up in Canadian homes at all. The idea is to ship Canada gas via tanker to meet Northeast Asia’s soaring gas demand, particularly as Japan shifts away from nuclear power plants after the Fukushima accident. That fact underlines the rationale for the Petronas’ interest: Canadian gas is increasingly coveted as a fuel for Asian energy needs. This is where you can get $3 gas and sell it at $18 to North Asia countries.

Petronas has roped in Japan Petroleum Exploration (Japex) and PetroleumBRUNEI as partners and buyers in the Canadian venture. It has already secured two long-term buyers for its gas. As such, how then, it is a risky investment?

Finally, the decision made by Petronas to grow reserves through acquisition is already minimising the risk. While it is cheaper to discover a new area for oil and gas, it is a big gamble. Petronas may have to pay more. But they have the fruit ready on the trees.

Considering all the reasons listed above, I personally don’t think there is a hidden hand that has forced Petronas to enter into this venture.

Unless YB Rafizi thinks the government has cronies in Canada. Who knows? Maybe the whistle-blower can shed the light on this matter.

MatRodi

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