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In June 2017, the Chief Minister of Sarawak, Abang Johari Openg, announced that Sarawak will establish a state-owned oil and gas exploration company. [24] On 4 July 2017, Abang Johari announced [25] that the petroleum company would be 100 percent owned by Sarawak and will work with Petronas on an equal basis. [26]
Government-linked corporations play a substantial role in Singapore's domestic economy. These GLCs are partially or fully owned by a state-owned investment company, Temasek Holdings. As of November 2011, the top six Singapore-listed GLCs accounted for about 17% of total capitalization of the Singapore Exchange (SGX).
Sapura Energy Berhad (formerly known as SapuraKencana Petroleum Berhad) is a Malaysian integrated oil and gas services company based in Seri Kembangan, Selangor. Sapura Energy trades in over 20 countries, such as China, Australia, United States of America, and those in Western Africa and the Middle East, employing approximately 13,000 people. [ 4 ]
The company is also a part owner of Singapore Refining Company Pte Ltd which was founded in 1979. [ 2 ] In 2004, SPC acquired 50% of BP 's interest in the SRC and BP's retail network of 28 stations and LPG business in Singapore. [ 2 ]
The petroleum industry in Singapore is accountable for part of the country's economy, exporting about 68,100,000 tonnes (67,000,000 long tons; 75,100,000 short tons) of oil (as of 2007). Singapore is dubbed "the undisputed oil hub in Asia ."
The Malaysian Public Works Department (Malay: Jabatan Kerja Raya Malaysia (JKR); Jawi: جابتن كرجا راي مليسيا ) is the federal government department in Malaysia under Ministry of Works Malaysia (MOW) which is responsible for construction and maintenance of public infrastructure in West Malaysia and Labuan.
The museum showcases various exhibits relating to the history of the petroleum industry in Malaysia. Inside the museum, there is an earthquake simulator, oil rig models and more. [ 4 ] Outside the museum building is the Grand Old Lady oil rig.
Exporting 1,500 tons of antimony a year, Sarawak was the chief supplier of antimony to Europe through Singapore. In the year ending 31 October 1857, BCL had earned $11,935 from the antimony trade. After deducting $3,750 royalty paid to the Brooke government, the net profit for BCL was $8,365, which was 70 percent of BCL income for that year. [ 6 ]