Challenging year for oil and gas industries


No queues were observed at a petrol station along Jalan University in Petaling Jaya Saturday night.

THE year 2016 will be one marked with challenges for the oil and gas (O&G) industry, with slower progress in the upstream sector, according to the National Transformation Programme (NTP) annual report 2015.

The industry is no stranger to trying conditions, having gone through a similar cycle when oil prices went down below US$10 per barrel in 1998.

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