Oil & Gas sector a rising star, says Najib

Publish date: Fri, 07 Mar 2014, 01:34 PM
KUALA LUMPUR: The oil and gas sector is to emerge as the "rising star" and significantly drive the Malaysian economy forward this year, Prime Minister Datuk Seri Najib Razak said today.

He said the expectation was based on the number of oil and gas projects that would be awarded when the massive RM61 billion Refinery and Petrochemicals Integrated Development (RAPID) project in Pengerang, Johor, gets off the ground by year-end.

"This will have a major impact on the economy. I'm also hoping for some recovery in other commodity prices as well this year.

"I think the commodity (crude palm oil) price, according to a recent forecast made at the just-ended Palm Oil and Lauric Conference, is also expected to spiral.

"CPO prices will hover between RM2,500 and RM3,000 per tonne in the near-term," he said, adding that if the price of the golden crop were to reach RM3,000 per tonne, the commodity's performance and that the industry would be far better," he said. -- Bernama

Discussions
1 person likes this. Showing 4 of 4 comments

ktsk88

We better bet these 2 sectors can bring about prosperity to the country to counter the whole country doomed economy from your BN/UMNO wrongdoings.

2014-03-07 15:07

carson

61b rapid start at year end what about start with MCN than rapid since its only 0.7b

2014-03-09 16:35

saturn101

This one got all 3 feng Sui master predicting OnG boom this year but which one or which two or three???

2014-03-09 17:14

carson

MCN has good management and idea, at the end of the day they will come out with modern and world class underground train stations, the coaches are a glamorous site to look at, will definitely brings in lots of tourists thus bings glamour to the nation, not forgetting prosperity to the economy too

2014-03-10 11:29

Post a Comment