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Tuesday, May 7, 2024

Bangkok Post – Regional oil investment competition heats up

Indonesia appears to be leading the competition with significant financial commitments, according to BMI

Ships sit anchored at piers offshore from fuel storage tanks at a PT Pertamina facility at Balikpapan in East Kalimantan, Indonesia. (Photo: Bloomberg)

Driven by energy security concerns, Southeast Asia’s oil-producing countries are seeking to revive the upstream industry. Malaysia, Indonesia, Vietnam and Thailand are competing for upstream investments from both local and international companies, according to research by BMI, a Fitch Solutions company. The following is…

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