Malaysia’s oil journey

petronas advertorial

Striking huge amounts of commercially viable oil has often not meant automatic riches for a country. Many nations have fallen by the wayside to the resource curse where the abundance of oil and gas (O&G) resources has never translated into long-term economic prosperity.

Malaysia’s handling of those precious and finite resource has, however, been an example of how to do things right as its industry has become one of the more prominent ones across the globe and has spawned a thriving upstream and downstream business involving hundreds of local companies and creating tens of thousands of jobs locally.