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Malaysia expands oil and gas exports to Asia, Middle East, Africa, and Latin America to boost economic resilience amid global shifts.
Malaysia is boosting its oil and gas services and equipment companies’ expansion into new markets across Asia, the Middle East, Africa, and Latin America to reduce risks from global instability, shifting geopolitics, and the energy transition.
The government agency MATRADE says diversifying export destinations strengthens resilience and supports long-term growth.
The oil and gas sector remains a key economic driver, contributing about 20% to GDP.
In 2025, petroleum products, liquefied natural gas, and crude oil exports totaled 103.55 billion and 71.05 billion ringgit respectively.
MATRADE’s CEO Abu Bakar Yusof stressed adapting through market expansion and improved technology to navigate changing global dynamics.
Malasia expande las exportaciones de petróleo y gas a Asia, Oriente Medio, África y América Latina para impulsar la resiliencia económica en medio de cambios globales.