SHAH ALAM, April 3 — Prime Minister Anwar Ibrahim said Malaysia is exploring ways to leverage Petronas’s diversified global investments to ensure stable domestic fuel supplies.
As the US-Iran conflict disrupts the Gulf region. He noted Petronas’ presence in Brazil, Suriname, Canada, and other regions offers alternative sourcing options, while current supplies are sufficient until May.
Anwar stressed authorities are monitoring the volatile situation closely and highlighted Malaysia’s relative stability compared to neighbouring nations.
The move aims to safeguard local fuel needs and national revenue, reflecting the government’s proactive strategy amid global energy uncertainties.
Caused by the partial closure of the Strait of Hormuz and rising oil market tensions.
