KEPALA BATAS: Russia has assured Malaysia of oil, gas and diesel supplies for at least the next 20 years, says Datuk Seri Anwar Ibrahim.
The Prime Minister said Russian President Vladimir Putin conveyed the commitment during talks in Kazan following his recent visit to Russia, describing it as a sign of strong bilateral ties between the two countries.
"President Putin gave assurances through a long-term arrangement that Malaysia's supply of oil, gas and diesel will remain secure for at least the next 20 years. This is made possible through the friendship between our countries," he said during the ground-breaking ceremony of Setia Fontaines Industrial Park here on Saturday (June 20).
Anwar, who returned to Malaysia early Saturday after concluding visits to Russia and Turkmenistan, said both countries viewed Malaysia as an independent nation that maintained friendly relations with all parties.
He said the engagements underscored Malaysia's policy of fostering constructive ties with various countries while creating opportunities for trade, investment and economic cooperation.
The Prime Minister highlighted developments in Turkmenistan, which possesses some of the world's largest oil and gas reserves, saying Malaysia had moved early to strengthen energy cooperation with the Central Asian nation.
He noted that discussions on energy collaboration had begun during Turkmenistan President Serdar Berdimuhamedov visit to Malaysia two years ago, well before the current geopolitical tensions in the Middle East and concerns over the Strait of Hormuz.
"We have taken the necessary steps to secure our future energy needs," he said, adding that PETRONAS had maintained a presence in Turkmenistan for the past three decades.
Anwar said Malaysia's approach abroad differed from that of many multinational corporations, as it emphasised talent development, technology transfer and collaboration with local industries.
During the visit, Anwar also held meetings with executives from several leading global financial institutions to explore further investment opportunities for Malaysia.
In 2025, Turkmenistan was Malaysia’s fourth-largest trading partner among the Central Asian countries.
The bilateral trade between Malaysia and Turkmenistan amounted to RM75.8mil, with Malaysia’s exports valued at RM75.5mil, marking a 9% increase from the previous year.
Turkmenistan is also a key investment destination for PETRONAS, with the company’s total investments in the country reaching RM52.73bil since 1996.
