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KUALA LUMPUR, April 18 (Bernama) -- Malaysia still needs to import crude oil despite having its own oil production because domestic consumption is much higher, at about 700,000 barrels per day, compared to the 350,000 barrels produced per day, according to the Finance Ministry (MoF).
KUALA LUMPUR, April 18 (Bernama) -- Petroliam Nasional Bhd (Petronas) on Saturday confirmed that the vessel Ocean Thunder has arrived in Malaysia, transporting one million barrels of crude oil originating from Basrah, Iraq.
PUTRAJAYA, April 17 (Bernama) -- The implementation of the B15 biodiesel blend rate will be carried out in stages to avoid disruption to the existing operations of the industry, said Minister of Economy Akmal Nasrullah Mohd Nasir.
KUALA LUMPUR, April 16 (Bernama) -- Technology firms are seeking to relocate operations to Asia, and Malaysia is well-positioned to capitalise on this development in light of ongoing geopolitical turbulence in the Middle East.
PUTRAJAYA, April 16 (Bernama) -- Australian Prime Minister Anthony Albanese is set to hold discussions with Petroliam Nasional Bhd (Petronas) to advance Malaysia-Australia energy cooperation, said Prime Minister Datuk Seri Anwar Ibrahim.
KUALA LUMPUR, April 15 (Bernama) -- The proposed increase in the country’s biodiesel blend from B10 to B15, starting with B12, can reduce dependence on diesel and extend the lifespan of the nation’s fuel supply following the crisis in West Asia, said Economy Minister Akmal Nasrullah Mohd Nasir.
PUTRAJAYA, April 15 (Bernama) -- Economy Minister Akmal Nasrullah Mohd Nasir will do a working site visit in Selangor this Saturday to assess the raw inputs used in the biodiesel blending process.
KUALA LUMPUR, April 15 (Bernama) -- The price of diesel in Sabah, Sarawak, and the Federal Territory of Labuan is maintained at RM2.15 per litre because diesel is not just fuel, but a lifeline for daily activities.
KUALA LUMPUR, April 15 (Bernama) -- Waste management services provider 5E Resources Holdings Bhd is poised to leverage the government’s move to raise the biodiesel blend rate to B15, expecting increased waste generation from the biodiesel industry to support its growth.
PUTRAJAYA, April 15 (Bernama) -- Demand for palm oil is expected to continue increasing from traditional importing countries such as China and India, driven by global geopolitical uncertainty as well as their need to ensure energy and food security.
KUALA LUMPUR, April 14 (Bernama) -- Palm-based B100 biodiesel has the potential to be a strategic alternative in strengthening the country's energy security, especially in the face of global fuel supply uncertainties.
KUALA LUMPUR, April 14 (Bernama) -- The National Economic Action Council (NEAC) meeting has set a clear direction in managing the global energy crisis, which is increasingly acute and expected to be prolonged, by emphasising the main approach to guaranteeing the supply of energy and basic goods so that the people's daily lives are not affected.
