Can Petronas sustain growth?


Dateline 2012-08-03:

Daniel Johnston, in his book International Petroleum Fiscal Systems and Production Sharing Contracts, noted that Malaysia has one of the toughest fiscal systems in Southeast Asia” after an extensive research covering 148 oil- and gas-producing nations and their respective petroleum taxation systems.

In simple language, he means that we have the toughest regulations to ensure we get the most from foreign oil and gas operators harvesting petroleum from Malaysian territories.

If this is the case, why are foreign operators like Shell and Exxon still able to find it profitable and attractive to come and develop oil in Malaysia?

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This entry was posted on Sunday, August 12th, 2012 at 6:00 am and is filed under 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.

One Response to Can Petronas sustain growth?

  1. 10go2 says:
    August 12, 2012 at 10:36 am

    Is it because companies like Shell and Exxon see their profits as being directly proportional to the number of accountants and lawyers they employ?

    Reply

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