From The Star – Caught in a Middle Income Trap


I’m posting this article, dateline 2010-02-07, because there was a specific paragraph on the oil & gas industry:

PETRONAS is known worldwide for being a successful national petroleum company. PETRONAS has done really well for the country in terms of generating oil and gas revenue from both Malaysian and non-Malaysian fileds. Unfortunately, unlike the E &E sector, upstream oil and gas production has not resulted in the emergence of a corresponding vibrant downstream oil & gas subsector.

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