Tengku Razaleigh Hamzah
On 9 May 1975, an agreement was signed between the Kelantan Chief Minister of the time Datuk Mohamed Nasir, and the Chairman of Petronas, Tengku Razaleigh Hamzah. According to the terms of the agreement, Kelantan was to receive cash payment ('bayaran tunai', the term 'royalties' was not used in the agreement) of 5 percent a year biannially, for any oil found in Kelantan or its coastal areas. In return, Kelantan grants Petronas to exclusive rights to "petroleum whether lying onshore or offshore of Malaysia".