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.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , NTP , oil and gas , NKEA

Next In Business News

From crime cache to auction
Lark’s New World order
Cautious optimism on markets
Seeking value in Malaysia’s tech rally
Fujian’s rural revitalisation
Risky stretch for markets
S-REITs�shine as defensive plays
Gold holds the hedge
Malaysia’s bonds brace for bumpy ride
Genting downgraded again amid rising leverage

Others Also Read