Archive for June 5th, 2008

Malaysian Oil – The story from independent perspective

From the international herald tribune. I like it as it’s quite unbiased and impartially written.

KUALA LUMPUR: Since the first tin prospectors trekked through malarial jungles here almost two centuries ago, much of Malaysia’s riches have come from the ground, whether scraped up by miner’s picks or harvested from the rubber and oil palm trees that burrowed their roots in the fertile soil.

But nothing quite beats the bonanza that the country has reaped over the past decade from its oil and natural gas buried offshore.

On Thursday, Malaysia’s national oil company, Petronas, announced record revenue of 184.1 billion ringgit, or $52 billion, for the year that ended March 31.

Continue reading