Having a resource-based economy, Brunei’s oil and gas sector accounted for over half of its GDP. Brunei’s large foreign reserves, low external debt and high import cover reduce overall risks caused by oil pric
Design/methodology/approach: Data for this study was generated from a primary survey administered amongst the HR Directors in companies operating in all sectors in Brunei. A statistically representative sample size of 214 was selected. Findings: We confirmed that firms in the oil and gas sector ...
The major economic risks are mainly from domestic factors as a result of its high reliance on the oil and gas sector. While the government has enhanced its efforts to develop other industries, the role of the oil and gas sector in GDP growth, exports and fiscal revenue remained high, the ...
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 ...
A small nation on the island of Borneo, Brunei is an oil-rich sultanate in the middle of Southeast Asia. With a small population of less than half a million people, Brunei is very dependent on its well-developed oil and gas industry and aims at the diversification of its economy.Oil and...
Brunei is a Southeast Asian 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. According to the Chinese Enterprises Association in Brunei, its membersh...
Mustafa Izzuddin, a senior international affairs analyst with Solaris Strategies Singapore, said that China considers Brunei an important partner, not only as a founding member of the Association of Southeast Asian Nations but also for its vast oil and gas sector, which is integral to the China-...
aThe Block is currently on the 2nd Phase of the exploration period which has been granted extension by Petroleum Brunei (Brunei National Oil and Gas Company ) for another year and will be expiring Aug.2013. After which the Consortium would have need to decide whether to go ahead with the de...
Oil & Gas Tech 4,702 items Companies in the Oil & Gas Tech space, including those focused on improving operations across upstream, midstream, and downstream sectors, as well as those working on sustainable fuels. LatestBrunei Shell PetroleumNews ...
In 2017, the sultanate received significant committed investment from China's Hengyi Industries Company totalling 3.445 billion U.S dollars for the first phase of the development of an oil refinery and aromatics plant. The downstream petrochemical, oil and gas industry is expected to expand rapidly...