Budget 2014: Oil and gas sector likely to continue vital role
THE oil and gas sector will continue to play an important role in the economy next year.
Private investment in sectors which include oil and gas is expected to increase further to RM189bil, or 17.9% of GDP.
Public investment is estimated to reach RM106bil.
In the oil and gas sector, among projects to be undertaken by Petronas include the Sabah Ammonia Urea Project (Samur) in Sipitang; the integrated oil and gas production development project in Kebabangan; the regasification plant project in Lahad Datu, Sabah; and Petronas’ Refinery and Petrochemicals Integrated Development or RAPID in Pengerang, Johor, which is the largest investment in Malaysia.
Petronas has a five-year RM300bil capital expenditure plan to reverse declining production.
The national oil company said in June that it would have to play catch-up after having spent only RM72bil, or 24%, of that amount between 2011 and January this year.
“Petronas’ five-year RM300bil capex should keep the excitement level high in a sector that is a major revenue earner,” CIMB Research said earlier this year.
An analyst concurs saying: “With the amount of ongoing oil and gas activity, there will be a continuous flow of jobs which will contribute to a robust sector.” 26/10/2013 10:13
1Bull...Yes Pantech....My rationale...Bullish TA & FA....I would strong ly suggest that you read RHB & Kenanga report prior to making any decision...Also please read Ooi Tek Bee and user 932 comments on Pantech threads for TA opinion....cheers and Good Luck...
Much better to collect the school textbooks from any students who do not need them anymore and recycle free to those who need it.
May not be popular because no money is involved. I have met students at the book shop trying to sell me their RM250 book voucher for RM200 cash. The bookshop is only paying them RM50.
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Posted by lotsofmoney > 2013-10-26 09:58 | Report Abuse
Nothing on improving the environment, waste disposal and recycling, traffic congestion parking woes, air pollution etc etc.