MALAYSIA HAS LIBERALISED OIL AND GAS SECTOR – BUT RESTRICTIONS REMAIN: WTO
January 1st, 2010
BY KEITH NUTHALL
A WORLD Trade Organisation (WTO) trade policy review on Malaysia has noted foreign investment in its upstream petroleum and gas projects remain restricted to production-sharing contracts between foreign investors and national oil company Petronas. That said, the report noted Malaysia has "gradually reduced (and mostly eliminated) import tariffs on petroleum and gas."
ENDS
A WORLD Trade Organisation (WTO) trade policy review on Malaysia has noted foreign investment in its upstream petroleum and gas projects remain restricted to production-sharing contracts between foreign investors and national oil company Petronas. That said, the report noted Malaysia has "gradually reduced (and mostly eliminated) import tariffs on petroleum and gas."
ENDS
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