PETALING JAYA: Malaysia is diversifying its investments to secure alternative fuel sources, including through countries such as Brazil, Suriname and Canada, says Datuk Seri Anwar Ibrahim.
The Prime Minister said that while the country’s oil supply will remain stable until May, PETRONAS is seeking alternatives beyond the Gulf states to ensure continued and sufficient supplies for domestic needs.
“It should last until May, but PETRONAS is looking for other ways following its advantage and speciality in diverse investments not only in the Gulf states but also in Brazil, Suriname and Canada.
“As such, we are looking for ways to ensure returns and revenue that can meet local needs,” he said after attending Friday prayers at Bukit Jelutong Mosque yesterday.
Anwar previously said Malaysia will continue to hold the RON95 petrol price at RM1.99 per litre despite surging global oil prices, with supply expected to last until May.
The Prime Minister said disruptions to global oil supply routes and facilities due to escalating tensions in the Middle East have driven prices up worldwide, with some countries seeing pump prices exceed RM10 per litre.
Anwar reiterated that Malaysia’s oil supply remains stable, unlike the situation in neighbouring countries.
“The issues we face are not as complicated as what faced by our neighbours. There is no rationing yet, no sudden hikes and the price of RON95 is being retained.
“Our oil stocks remains sufficient until May and we are monitoring the matter everyday.
“We should be grateful and not be too complacent or too busy with political issues but instead focus on the welfare of the people and the country,” he said.
He also said Putrajaya plans to bring together the top leadership of each state government, including political party leaders, in a special briefing expected to be held next week to discuss the continuing uncertain situation in the Middle East.
He said the briefing, to be delivered by the National Security Council and the National Economic Action Council, aims to discuss joint measures to ensure economic sustainability and national security amid the Middle East crisis.
Commenting on the opposition’s proposal for a special Dewan Rakyat sitting to discuss the implications of developments in the Middle East, Anwar said the matter would only be considered after a more concrete plan has been drawn up following discussions with state leaders.
