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Sabah is poised to gain a 40 per cent ownership stake in a floating liquefied natural gas project, with an agreement with Petronas expected within months, marking deeper state involvement in oil and gas development.
Malaysia's fuel supply through Petronas stations will remain stable and sufficient until September, according to the Minister in the Prime Minister's Department. The government is diversifying crude oil sources beyond West Asia.
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.
Bangladesh has formally requested Malaysia's support in securing liquefied natural gas supplies to address a deepening energy crisis. Prime Minister Anwar Ibrahim said the request came from his Bangladeshi counterpart Tarique Rahman, with Petronas involvement being explored.
Prime Minister Anwar Ibrahim announced that a Petronas vessel has secured clearance to traverse the Red Sea and will dock in Melaka in early August, reflecting Malaysia's successful diplomatic engagement with major global powers.
Parliament has received the National Trust Fund Bill 2026, establishing KWAN to build Malaysia's long-term sovereign wealth. The fund will draw from federal revenue, Petronas dividends, and resource export duties.
Malaysia's FBM KLCI surged past the 1,700 psychological level, driven by strength in PETRONAS subsidiaries and major banks, even as broader market breadth remained weak and regional peers retreated amid oil price pressures.
Malaysia's energy supply remains stable despite tensions in the Strait of Hormuz, Deputy Prime Minister Datuk Seri Fadillah Yusof said, with Petronas and the Prime Minister engaging in multilevel negotiations to protect national energy security.
Southeast Asia's offshore energy investments are expected to grow 12 per cent to over US$100 billion, signalling sector confidence even as Middle East tensions ease. Analysts project sustained oil prices around US$70-75 per barrel.
Petronas Carigali's Vestigo Petroleum has confirmed a fire broke out at its West Lutong Vent A offshore facility in Sarawak, with no casualties or environmental threats reported.
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A witness told the court that a data breach involving a former subordinate could jeopardize ongoing merger negotiations between Malaysia's two major state oil firms, Petronas and Petros.
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A former Petronas manager is accused of leaking confidential documents to the Employees Provident Fund subsidiary Petros, potentially undermining delicate negotiations between the two major Malaysian institutions.
Prime Minister Anwar Ibrahim's recent diplomatic missions to Russia and Turkmenistan have secured major energy agreements expected to stabilise Malaysia's fuel supplies and generate revenue for national development projects.
Petronas is positioning itself as a catalyst for strengthened Malaysia-Turkmenistan relations, leveraging its expanding Central Asian presence to unlock fresh opportunities in energy, trade, and regional cooperation.
Malaysia's fuel supplies through Petronas petrol stations will remain stable until August, covering roughly half of domestic consumption. A government crisis task force is actively monitoring energy security.
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Prime Minister Datuk Seri Anwar Ibrahim's diplomatic missions to Russia and Turkmenistan are positioning Malaysia as a strategic investment destination, with new energy agreements and expanded opportunities across multiple sectors.
Prime Minister Datuk Seri Anwar Ibrahim has indicated that discussions between Malaysia's Petronas and Sarawak's Petros are advancing favourably, signalling potential resolution of longstanding resource tensions.
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Prime Minister Anwar Ibrahim's strategic visits to Russia and Turkmenistan have yielded significant energy agreements, reinforcing Malaysia's position within BRICS and diversifying the nation's fuel supply chains.
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.
Prime Minister Anwar Ibrahim has highlighted how Malaysia's balanced engagement with countries across competing geopolitical blocs—from the US to China, India, and Russia—reinforces international confidence and generates tangible economic benefits, including recent partnerships like Petronas's Turkmenistan agreement.
Prime Minister Anwar Ibrahim says Turkmenistan's decision to award Petronas a stake in a major gas field demonstrates international confidence in Malaysia's economic strength and political stability.
Prime Minister Anwar Ibrahim has praised Petronas for securing a major gas field development agreement in Turkmenistan, marking a significant milestone for Malaysia's energy strategy and regional partnerships.
Prime Minister Anwar Ibrahim witnessed the signing of a strategic partnership between Petronas and Turkmenistan, cementing Malaysia's position in Central Asian energy markets and capitalising on three decades of bilateral cooperation.
Prime Minister Datuk Seri Anwar Ibrahim's second day in Turkmenistan features bilateral meetings with President Serdar Berdimuhamedov, signing of multiple agreements spanning trade, energy, and science, and a joint business forum highlighting Malaysia's growing Central Asian engagement.
Prime Minister Datuk Seri Anwar Ibrahim has arrived in Turkmenistan for a two-day official visit, the first by a Malaysian premier in years. The trip underscores Malaysia's strategic engagement with Central Asia and the importance of energy and trade partnerships.
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.