Oil And Petrol Pumps Companies in Malaysia

Oil and petrol companies in Malaysia are responsible for the exploration, production, refining, marketing and distribution of oil and gas in the country. They play a vital role in the country’s economy, providing employment and contributing to the government’s revenue.

The oil and gas industry in Malaysia is regulated by the Petroleum Development Act 1974 and the Petroleum Development Regulations 1975. The Minister of Energy, Science, Technology, Environment and Climate Change is the ultimate authority on all matters relating to the industry.

The national oil company, Petronas, is the largest player in the industry, followed by Shell and ExxonMobil. Other companies active in the industry include Murphy Oil, ConocoPhillips and Chevron.

The oil and gas industry is a major contributor to the Malaysian economy, providing employment for thousands of people and contributing to the government’s revenue. In 2016, the industry contributed RM103.6 billion (US$24.6 billion) to the economy, or 4.5% of GDP.

Petrol and diesel are the main products of the oil and gas industry in Malaysia. Other products include liquefied natural gas (LNG), crude oil, petrochemicals and bitumen.

Malaysia