How plummeting global oil prices affect Malaysia’s oil and gas cities


Dateline 2016-08-10, The Star:

The oil and gas industry has dominated Miri’s economy since Malaysia’s first oil rig was built there in 1910, and many young Miri-ans grow up expecting a career in the industry.

Sadly, many started losing their jobs after oil and gas companies were forced to downsize in light of plummeting global oil prices since 2014, and things are yet to recover in Miri.

Former oil and gas field operator Charles Zico, for example, now works in pest control, earning around a quarter of his old RM6,000 salary.

“People laugh at me these days,” said Zico, who was laid off along with around 100 other colleagues.

 

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