Malaysia legislation
Section 7
Section 7
Where in the relevant period the relevant chargeable person sells his chargeable petroleum, the proceeds of that sale shall be treated as gross income of that chargeable person for that period—
(a)
if that chargeable petroleum consists of natural gas or casinghead petroleum spirit; or
(b)
if that chargeable petroleum consists of crude oil which is delivered by that chargeable person in Malaysia, and it is shown to the satisfaction of the Director General that such crude oil is refined in Malaysia.
Crude oil sold and exported