PETALING JAYA: Shell PLC announced a second investment in Malaysia’s oil and gas (O&G) sector in a month as the major and its partners, including Petroliam Nasional Bhd (PETRONAS), aim to revive output in an environment of tight global supply.
Shell’s decisions come after the war in Ukraine disrupted Russian O&G supplies and boosted prices. O&G producers in Asia are struggling to sustain output after years of under-investment in the sector as international companies scaled back to focus on exploration and production in Africa and the Americas.
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