Malaysia May Become Net Oil Importer Date: Saturday, July 23 @ 13:45:31 PDT Topic: Production; Extraction; Exploration
Malaysia might no longer have crude oil exports as a revenue source by the end of this decade because the country's reserves are dwindling, the government said Saturday.
"Malaysia is an oil exporter, but if we do not find new oil reserves, then by 2009, we will become a net importer," said Deputy Prime Minister Najib Razak. "This means we cannot continue to lean on the oil sector."
