MIRI: Rich deposits of crude oil and gas have been discovered in underground reserves onshore in the vicinity of this city.
This is the first time in about 25 years that the “black gold” has been found in such sizeable volume inland in Malaysia. The discovery by Petronas and Nippon Oil is poised to open up new frontiers in oil and gas exploration inland, with the possibility of more such discoveries here and the rest of northern Sarawak, said a delighted Miri MP Datuk Seri Peter Chin yesterday.
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