From Bernama – Malaysia Should Leverage On Proprietary Technology To Stay Competitive


Dateline 2011-07-27:

Malaysia and Southeast Asian countries should leverage on proprietary technologies to meet the surging energy demand and to stay internationally competitive, while utilising scarce energy resources effectively, said Deputy Finance Minister, Senator Datuk Donald Lim Siang Chai.

“I believe the petroleum industry also notices Malaysia as a rising star. Hence, we should leverage on proprietary technologies used by major petroleum companies like Total, Royal Dutch Shell and ExxonMobil, while maintaining both the economic viability and environmental sustainability of upstream operations.

“The right technologies will also help the country become “green”, in more than one way,” he said in his speech at the Production Optimisation Week Asia 2011 here Wednesday.

Last year, Malaysia’s petroleum exports amounted to RM101.2 billion, up 24 per cent from 2009. Over the last ten years, exports have been growing at an annual average of 13.5 per cent.

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