To Transact Business In Oil And Gas Companies in Malaysia

Oil and gas companies in Malaysia transact business in a variety of ways. Some companies may be involved in the exploration and production of oil and gas, while others may be involved in the refining and marketing of these products.

Many oil and gas companies in Malaysia are state-owned, but there are also a number of private companies operating in the sector. The state-owned companies are typically involved in the upstream activities of exploration and production, while the private companies are typically involved in the downstream activities of refining and marketing.

The oil and gas industry in Malaysia is regulated by the Petroleum Development Act of 1974. This act provides for the establishment of the Petroleum Development Fund, which is used to finance the development of the oil and gas industry in Malaysia.

The Petroleum Development Fund is managed by the Ministry of Finance. The main objectives of the fund are to promote the efficient and orderly development of the oil and gas industry in Malaysia, and to ensure that the benefits of the industry are shared equitably among the people of Malaysia.