MOF willing to assist Labuan emerge Malaysia’s International O&G hub

Dateline 2013-11-13, The Edge:

The Finance Ministry is willing to help Labuan realise its aspiration of emerging as Malaysia’s international oil and gas hub, says Deputy Finance Minister Datuk Ahmad Maslan.

He said the federal government was seriously looking at developing the oil and gas sector in Labuan.

“With increasing international and local players operating in Labuan the Federal government, through the Ministry of Finance, is willing to assist turn the plan into a reality,” he told Bernama.

Ahmad Maslan said the active participation of local players was crucial in developing the island’s economy.

“What we would like to see is more local participation in the oil and gas sector,” he said.

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