In Malaysia, the energy demand for the forth coming decade is under discussions and the National Key Economic Area, focuses on the Gas, Oil, Oil investments and Energy investment and a dozen of the Entry Point Projects are getting embarked. These Entry Point Projects in Malaysia will be aiming to enhance the Oil and Gas production and heightening the downstream activities and emerge Malaysia as prominent in Asia and make it as the hub for Oil services.The Entry Point Projects also includes power manufacturing with the use of nuclear energy, appealing many foreign companies towards Malaysia, and spring up many engineering projects, domestic fabricators and to establish storehouse for oil and natural gas. This Entry Point Projects news was declared by Marina Taib, the member of the laboratory, which was organized by the Performance Management and Delivery Unit in the one day Economic Transformation Programme which occurred in the recent times.
The Usan deepwater field, which has its base in Nigeria, will begin its manufacturing within the year 2012; the Usan is third - largest Oil producing company in the Europe and has embarked in its future plans. Guy Maurice, the leader of the Total Nigerian unit in Lagos declared to the newspersons that the Usan field at peak production would yield around 180,000 barrels of Oil each day from the year 2012. Guy Maurice also stated that the investment plans in the previous couple of years was decelerated because of the dubiousness showed by the government on the novel bill proposed on the gas and Oil industry. The bill which was announced, portray that the oil and gas industry regulations will be altered and the tax and the royalties will be increased for the funded. The foreign organizations which trade in Nigeria told that, the recent proposal made by the Government will not fetch more fortune and remarked that it will be unsuccessful to show interest towards the deep water field investment.
The combined venture of the Exxon Mobil Corp., Chevron Corp., Royal Dutch Shell Plc are the largest drillers of the Oil in the Nigeria and the National Petroleum Corp. which is controlled by the State has around fifty nine percent of the total stocks of the above mentioned venture. The Nigeria is ranked as the top most oil producer and it is one of the fifth largest importers of oil and natural gas for the United States.
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