Petronas accounts: We want more detail - The Star

By Wong Sai Wan & David Tan

KUALA LUMPUR: Petronas should publish a more detailed financial statement and then table it in Parliament so that there is greater transparency, said Rembau MP and deputy Umno youth chief Khairy Jamaluddin.

“The call that I made for Petronas to disclose its financial statement goes above and beyond the annual report that is published on its website. I believe most MPs are aware of Petronas’ published financial accounts.

"However, the annual report only highlights a summary of Petronas’ financial position without going into any detail.

"While I appreciate that the standard of the annual report surpasses the requirements of the Companies Commission of Malaysia, I think it is also fair to say that Petronas is not an ordinary corporation," he said in a statement.

He was responding to a report in The Star on Tuesday quoting Petronas acting chairman, president and chief executive officer Tan Sri Mohd Hassan Marican as saying that the corporation’s account had been published and made public for the past 18 years.

Hassan said 5,000 copies of the report was printed and distributed to various quarters and it was also available on Petronas' website.

[More at http://thestar.com.my/news/story.asp?file=/2008/6/17/nation/20080617174919&sec=nation]