Dateline 2014-03-24, Malaysia Chronicle:
TWO weeks ago, Prime Minister Datuk Seri Najib Razak said the oil and gas industry is a rising star and is expected to contribute significantly to Malaysia’s economic growth this year.
This should perhaps ease earlier concerns that Malaysia will become a net importer of oil and gas by the end of this year.
Indeed, Petroliam Nasional Bhd (Petronas) has been aggressively exploring its domestic hydrocarbon acreage with the aim to increase reserves as well as production capacity. At the same time, the national oil company continues to explore opportunities abroad, having its presence in about 30 countries.
Last year’s financial results highlighted Petronas’ success in carrying out its strategy to sustain profitability and increase production.
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Wata - Malaysian Oil and Gas Engineer 