BMCC Sector Report 2018/2019: Oil, Gas & EnergyAccounting for 20% of Malaysia’s national GDP, the Oil and Gas sector plays a vital role in Malaysia’s economy. The industry is forecasted to grow at 5% annually despite market uncertainties. All Oil and Gas resources in Malaysia are vested with state owned oil company PETRONAS. It is important to note that PETRONAS acts as an operator and as well a regulator for the Oil and Gas industry in Malaysia. Companies must adhere to PETRONAS’ stipulations if they wish to venture into the industry in Malaysia.
Disclaimer: Whilst some of the information contained in this report may no longer reflect the ambitions of the current Malaysian government, all data compiled and portrayed have been done to the best of knowledge at the time of preparation