Brunei's affluence rests entirely on oil and gas. But those reserves – which account for two thirds of GDP – are set to run out in around 20 years. So the race is on for Brunei to diversify its economy – what it calls Vision 2035. “It's a very big challenge for a country wi...
Brunei is located on the north‑eastern coast of the island of Borneo, facing the South China Sea, and is surrounded by East Malaysia. The economy is resource‑based, and Brunei’s oil and gas sector accounted for over half of the country’s GDP. Its GDP grew comparatively slowly at ...
"However, it might not undermine the economic prospect for the whole year, which has been boosted by the rising oil and gas prices." In the second quarter of 2018, the oil and gas sector declined by 2.6 percent at constant prices year-on-year. The decline was mainly associated with the ...
A joint statement released here on Monday in conjunction with South Korean President Moon Jae-in's visit to Brunei said the two countries are eyeing opportunities to cooperate in both the upstream and downstream oil and gas sectors. They are also looking to re-establish cooperation in additional ...
country on Borneo's northern coast. Rich in oil and natural gas, the Sultanate has pursued economic diversification in recent years, deepening cooperation with Chinese enterprises across various sectors. Hengyi Industries is a flagshi...
The article discusses plans by Brunei to become a center for renewable energy despite its dependence on its massive oil and gas reserves. According to Vincent Cheong, chief executive officer (CEO) of the Brunei Economic Development Board (BEDB), the country has the potential to become a clean...
Reasonable Wage (RW) was introduced to enhance local employment in Brunei's oil and gas industry and to ensure that all lower-qualified local employees working in the Industry in the Business Areas as referred to in Annex 1 Part A. BIPO TIMES Understanding Brunei's Employment Laws & ...
Campbell's Atlas of Oil and Gas Depletion C. J. Campbell 1466 Accesses Abstract Brunei is a small independent State on the north coast of Borneo. It comprises two tracts of tropical rain forest, meeting in Brunei Bay. The eastern tract is mountainous, whereas the remainder is low lying. ...
Brunei is a Southeast Asian country with beautiful natural scenery and rich oil and gas resources. The Sultanate has been committed to promoting economic transformation and diversification, focusing on the development of sectors such as downstream oil, tourism, international trade, and high-tech advance...
"Brunei Darussalam is continuously working to diversify its economy and welcome quality FDI from China to invest in sectors such as food, downstream oil and gas, tourism, services, and ICT," the minister said. "The growing industrial cooperation between Guangxi and Brunei highlights the substantial...