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Former minister Khairy Jamaluddin has urged Malaysia's petroleum sector to rely on the courts rather than political manoeuvring to resolve the contentious dispute between national oil giant Petronas and Sarawak authorities.
Eastern Pacific Industrial Corp is pursuing an aggressive five-year expansion strategy, aiming to grow annual revenue to RM700 million and net asset value to RM1 billion by 2030, underpinned by growth across oil and gas, port management and renewable energy sectors.
Petronas's deepening involvement in Turkmenistan's energy sector provides Malaysia with crucial access to some of the world's largest untapped gas reserves, positioning the nation as a key player in global energy markets.
Malaysia's Prime Minister Anwar Ibrahim has acknowledged Russian President Vladimir Putin's support for deepening bilateral energy cooperation involving the national oil and gas company Petronas, signalling Kuala Lumpur's commitment to expanding strategic ties.