KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim is expected to announce a plan in mid-May to ensure oil supply continuity as a result of global supply uncertainties arising from the West Asia conflict and the closure of the Strait of Hormuz.
Economy Minister Akmal Nasrullah Mohd Nasir said the plan is expected to focus on ensuring that the domestic oil supply remains sufficient to support the country’s continued economic activities.
According to him, Petroliam Nasional Bhd or PETRONAS is currently in the final stages of securing new sources of supply.
The government had previously assured that current supplies could last until June.
“In addition to domestic efforts, the government is also looking at regional cooperation as an important approach to strengthening energy supply resilience,” he said. — Bernama
