LABUAN: The petroleum storage and trading business will create a completely new service sector for Malaysia, as it will allow the country to extract greater benefits from the oil and gas value chain, says Ahmad Hizzad Baharuddin, Director General of the Labuan Financial Services Authority (Labuan FSA).
The country's competitive edge has catalysed the transformation of its oil and gas industry to create business opportunities for foreign investors as well as locals in terms of better career prospects, new skills and so on, he said.
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