Dwindling oil reserves weigh on Malaysian growth
Date: Wednesday, August 09 @ 16:34:32 PDT
Topic: Geology; Reserves; Oil Fields
Financial Times - The recent decision by Petronas, the Malaysian state energy group, to take a stake in Rosneft, the Russian oil producer, underscores worries about Malaysia's dwindling oil reserves. The $1.1bn deal to gain access to Russia's oil fields comes as Petronas recently reported that domestic oil production last year fell by nearly 5 per cent to 700,000 barrels a day. Malaysia's is south-east Asia's largest oil producer after Indonesia. (Must subscribe to read article)
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