Petroleum reserves can only last 15 years, says Azalina
Minister in the Prime Minister's Department Azalina Othman Said says Malaysia's existing 15 years of oil reserves can be stretched to 40 years with new technology and higher capital investments. – The Malaysian Insight file pic, March 29, 2023.
THE petroleum reserves for oil and gas resources in the country can only last for another 15 years, Azalina Othman Said said. In a written parliamentary reply, the Minister in the Prime Minister’s Department said according to the Reserves Life Index calculation, as of January 1, 2022, Malaysia’s probable and proven reserves of petroleum were equivalent to a total of 6.9 billion barrels of oil.
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