Malaysian Petroleum Resources Corporation (MPRC)
The SCMP Report from 2012 In September 2012, the South China Morning Post reported on Malaysia's oil and gas industry. The report highlighted Malaysia's Economic Transformation Programme (ETP), under the leadership of Prime Minister Najib Tun Razak. It called the ETP the embodiment of "Malaysia's aspirations for an integrated oil and gas industry in Asia", a long-term plan requiring investments of USD100 billion from the private sector. The Prime Minister, Najib Tun Razak, was quoted saying, "The government will develop Malaysia into a leading oil and gas services hub in Asia, grow Malaysia's role in oil storage, logistics and trading and import LNG [liquefied natural gas] to serve latent gas demand and attract new gas-based industries." Further from the SCMP Report: Large crude oil and fuel cargoes from the Middle East have to be split into smaller cargo deliveries within the region. At the same time, regional producers need a terminal to a...