PETALING JAYA: The rejuvenation of existing oil fields, the development of marginal ones, the intensification of exploration activities and the building of a regional oil and gas storage as well as trading hub remain some of the goals of the oil, gas and energy National Key Economic Area (NKEA).
The Economic Transformation Programme 2014 annual report said in the outlook for the NKEA that nothwithstanding the trimming of crude oil prices to between US$50 and US$80 per barrel this year, projects which had reached final investment decision stage such as Petroliam Nasional Bhd’s (Petronas) Refinery and Petrochemicals Integrated Development, would progress on schedule.
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