Matrade: Government to focus on enhancing existing O&G fields


From the Malaysian Insider, dateline 2013-02-27:

The government will continue to focus on efforts to enhance output from existing oil and natural gas fields, in addition to advancing exploration in deepwater areas.

Chief executive officer of the Malaysia External Trade Development Corporation (Matrade) Datuk Dr Wong Lai Sum said to complement the efforts, the government had introduced various new tax and investment incentives, aimed at promoting oil and natural gas exploration and development.

She said Malaysia’s significance in respect of the global oil and gas industry was well recognised, with the country currently ranked at 28th spot among oil producers, with exports of oil & gas products worth RM142.6 billion in 2012.

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This entry was posted on Thursday, March 7th, 2013 at 6:00 am and is filed under business opportunity, Malaysian election, 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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