Is Petronas feeding a fatal habit?

By Our Oil Economist

October 2013 UTTER ECONOMICS
main image
Advertisement
Just how dependent is Malaysia on the revenues of the national oil company? Our subsidies are after all tied to the price of petrol. How much longer can this dependency last?The first oil well in Malaysia was called the Grand Old Lady. This was in Miri, Sarawak. Also known as Oil Well No. 1, it was operated by the Royal Shell Company from 1910 and lasted for 62 years. Fast forward 100 years, and the custodian of the nation’s oil...

Subscribe to our e-archive to read our older articles.

Subscribe Now
PM
Our Oil Economist

Previous Article Back to Issue Next Article
Advertisement

Trending Now

Anecdotal Accounts of Chinese Women Migrants to Southeast Asia

The Japanese Conquest of Penang: Part One

A Red-light District Worthy of a Vibrant Port

The British-Siamese Boundary Stone: A Momentous Relic in Seberang Perai

A Brief History of 123 Macalister

Subscribe today to access over 2,000 articles in our e-Archive for RM150 a year, and get the 2nd year free.
Support Us

As Penang Monthly continues to evolve, we aim to deliver better quality reads. At present, our three current issues are free for public access. But we need your financial support as we endeavour to be the voice of Penang and an inspiring read for the curious Malaysian.

Every RM100 contribution from individuals (or RM1,000 for corporations) will be entitled to tax exemption receipt.
`