Dateline 2014-01-27, Business Times:
SEVERAL years ago, there were suggestions that Malaysia would become a net importer of oil by this year. Will this happen?
Well, one thing for sure is that Malaysia was also predicted to become a net importer of oil and gas in 2009. And that didn’t happen.
Then, it was said again that this would happen in 2010, but as months went by, it did not happen either. The hydrocarbon continued to become the largest contributor to the Malaysian economy.
But, we should remind ourselves that hydrocarbon is not a commodity that we can manufacture or grow to sustain output. It has been produced and developed through a long period of natural process, and, of course, with God’s will.
So, whatever the predictions, efforts to make new discoveries, particularly in complex and challenging oil and gas reserves, must continue. Enhancing oil recovery in existing depleting fields and exploring opportunites in deeper water must not be overlooked either.
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Wata - Malaysian Oil and Gas Engineer 