Malaysia does not sell oil to other ASEAN countries as it’s still importing about 400,000 barrels of crude oil daily, investment, trade and industry minister Datuk Seri Johari Abdul Ghani has said, according to a Bernama report.
“Because we still import about 400,000 barrels a day, we can’t sell,” he told Malaysian reporters when asked if any ASEAN country has approached Malaysia to sell oil amidst the current global supply crisis. He added that although Malaysia is fortunate to be an oil-producing nation, it is still considered a net oil importer.
However, he said Malaysia is still a net exporter of liquefied natural gas (LNG). “The surplus we have from LNG can help cushion the deficit in crude oil,” Johari said.
Echoing what prime minister Datuk Seri Anwar Ibrahim said recently, Johari assured that the Malaysian government is currently still able to maintain Budi95 petrol at RM1.99 a litre. “We hope that the war can be settled quickly, but no one can say when,” he said.
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nett importer doesnt mean you cannot export la dodo. if your daily requirement is 400k , you can import 500k and at the same time export 100k
You are the one thats dodo bro as u fell for the words game. He stated that we does not export to ASEAN countries only. At no point did he said we do not export at all.
Its a typical press question when the question is filtered before being asked or our press has gone dodo.
no use voting during next election. at the end we still gonna end up having unelected former umno buffoons become miti minister and home minister.
So,if we r net importer of crude oil,what plans our menteri has in mind, if this Iran war is over shortly, and at Taiwan Straits ,China starts choking and encircling the island,and our Donald the Trump rushes all his aircraft carriers melalui our Straits of malacca?
What if China ,like Iran starts collecting toll for oil tankers from Saudi Arabia,by enforcing a blockage ?
High time to build a substantial crude reserve storage,like what China and Japan has done.
Dont enjoy taxpayers funded pensions,by saying ,’kami akan memantau”.Too late,by then.
We dont want to be like Philipines and Kangaroo land,where petrol pumps are out of petrol.
This donkey wants to reduce oil imports but donkey still imposes intense protectionist policies for ev’s. Make it make sense. He has share holdings in Proton which explains his rubbish policies
a few years later – “DRB Hicom Appoints Johari as non-executive chairman” – because you scratch my back i scratch yours
Expect this high demand for years to come thanks to your genius EV wall
This so called “businessman” is a moron. Never seen a such a dumb commerce minister who claims to be a successful businessman – guess he whack all the umno contracts back in the day. If worried about petrol scarcity then should he go all out to get EVs in? We are such a small market that most manufacturers will be wary of starting a factory here…sigh…this guy really cannot make it and he has hopes to be PM one day.
Yes, Malaysia is a significant exporter of crude petroleum to China. As of 2024, China is the primary destination for Malaysia’s crude oil exports, importing over \(\$13\) billion worth. Furthermore, Malaysia serves as a major trans-shipment hub for oil from other nations destined for China, with Chinese customs reporting substantial volumes of Malaysian-labeled crude imports
We cuci Iran oil to be come Malaysia oil for many year. Malaysia is the 3rd largest oil import if base on Chinese Custom Report. But now China direct buy their oil from Iran, no more senyap senyap already. Guest dont need middle man anymore and also large chuck of our profit now gone.
Although South Korea is not an oil-producing country, it recoups 60% of its crude oil import costs by exporting refined petroleum products. It ranks fifth in the world in terms of export value, and is the undisputed global leader in jet fuel exports.
The reason many countries cooperate to ensure crude oil supplies to South Korea even amid the U.S.’s foolish war is that a disruption in jet fuel supply would cause significant losses for everyone.
Exports must be more than just a source of revenue; they are a strategic asset. Not exporting is a very passive policy.
Why no export 80% requirement for oil