Hormuz Shutdown Forces Malaysia to Overhaul Crude Supply Chain

Malaysia eyeing alternative oil sources amid Mideast energy shock

Supplies from Türkiye, Russia, others being considered, says economy minister

Hormuz Shutdown Forces Malaysia to Overhaul Crude Supply Chain

Malaysia is looking to diversify its crude sourcing with supply from the U.S., South America, and Africa as the Hormuz crisis has choked off its key Middle Eastern deliveries, Malaysian Economy Minister Akmal Nasrullah Mohd Nasir said on Wednesday. The Asian economies were the first to be hit by the lack of supply from the Strait of Hormuz as the region depended on Middle Eastern crude, naphtha, and fuel supply for most of its demand. Countries …

Economy minister says Malaysia looks at Russia, Türkiye as potential new oil supply sources

GEORGE TOWN, June 10 — The government is exploring new crude oil sources from several regions to diversify the country’s energy supply amid global geopolitical uncertainty, Economy Minister Datuk Seri Akmal Nasrullah Mohd Nasir said.He said the effort requires technical evaluation because crude oil from different countries and producing regions has varying characteristics, and not all can be processed using Malaysia’s existing facilities.“Each c…

Govt eyes Africa and Turkey for fuel supply

Economy minister Akmal Nasir said the country’s fuel supply stocks are sufficient until the end of July. GEORGE TOWN: The government is looking to Africa and Turkey as potential new sources of fuel amid continuing tensions in West Asia, economy minister Akmal Nasir said today. He said Malaysia was also considering importing crude oil from the US and South America, as well as refined petroleum products from Singapore. Akmal said that as crude oil…

M’sia assesses African, Russian, Turkish oil compatibility for existing facilities before long term procurement

By DayakDaily Team KUCHING, June 10: The government is evaluating whether crude oil supplies from potential new sources in Africa, Russia and Turkiye are compatible with Malaysia’s existing infrastructure before committing to long-term procurement arrangements. According to TVS, Economy Minister Datuk Seri Akmal Nasrullah Mohd Nasir said the assessment is part of the government’s efforts to diversify the country’s energy supply sources amid ongo…

Economy minister: Malaysia looks at Russia, Türkiye as potential new oil supply sources

Facebook Twitter LinkedIn Threads WhatsApp Telegram Akmal Nasrullah said the government has given assurance on oil supply until the end of July. – Bernama photo GEORGE TOWN (June 10): The government is exploring new crude oil sources from several regions to diversify the country’s energy supply amid global geopolitical uncertainty, Economy Minister Datuk Seri Akmal Nasrullah Mohd Nasir said. He said the effort requires technical evaluation becau…