Sabah expects to see about RM2.45 billion in annual revenue from oil and gas royalties and the state sales and service tax (SST), said Chief Minister Datuk Seri Hajiji Noor.
He said the inclusion of petrochemicals in the SST Enactment added RM10 million to the Sabah SST collection in August.
The collection was contributed by Sabah Ammonia Urea (Samur) operations at the Sipitang Oil and Gas Industrial Park.
Hibiscus Petroleum, which previously refused to pay the tax, has cleared all payments.
Hajiji said in a speech read by state Local Government and Housing Minister Datuk Seri Masidi Manjun.
Masidi was representing the chief minister in a signing ceremony between Petronas and state government-linked company Sabah Energy Corporation Sdn Bhd (SEC) at the Sabah International Convention Centre today.
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