From Borneo Post Online – Malaysia’s O&G sector to flourish – MIDF Research


Dateline 2011-12-19:

Despite uncertainties stemming from slower global economic growth, the nation’s oil and gas (O&G) sector is expected to thrive next year following healthy order backlogs seen this year.

According to MIDF Research Sdn Bhd (MIDF Research), the acceleration of Petronas’s RM300-billion capital expenditure (capex) along with the development of the country’s liquefied natural gas sector (LNG) would provide cushion against the global economic slowdown.

“We believe 2012 will be an exciting year for the domestic O&G players in view of the potential announcement for sizeable projects like Malikai Deepwater project, the RM15-billion North Malay Basin, Petronas’s RM60-billion refinery and petrochemical integrated development (Rapid) as well as the floating LNG development,” pointed out MIDF Research.

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This entry was posted on Saturday, December 24th, 2011 at 6:00 am and is filed under business opportunity, Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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