KUALA LUMPUR: Southeast Asian national oil companies (NOCs) and traditional upstream players are progressively focusing on cleaner and more environmentally friendly energy initiatives with investments set to exceed US$76 billion from 2023 to 2025, according to Rystad Energy (US$1=RM4.65).
The independent energy research and business intelligence company headquartered in Oslo, Norway said the upward trend is set to continue, with a projected total outlay of US$119 billion by the end of 2027.
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