Malaysia Expects Its Oil Production To Peak Next Year ...Middle East

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Malaysia Expects Its Oil Production To Peak Next Year
source : OILPRICE ( Middle East ) () 28
Malaysia’s state-owned oil and gas company Petronas has forecast the country’s crude oil production will peak in 2024 at around 2 million barrels of oil equivalent daily. The bulk of Petronas’ output is natural gas and it will remain this way, the company’s head of exploration and production, Adif Zulkifli, said at the Energy Asia conference, as quoted by Reuters. Natural gas accounts for between 60% and 70% of Petronas’ hydrocarbon production. "We continue to look for more gas portfolio, but of course, there is commitment…

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