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Malaysia Oil and Gas Business: A brief legal introduction

Petroleum Income Tax Act 1967

New tax and investment initiatives introduced particularly under Petroleum Income Tax Act 1967 to promote oil and gas exploration activities.

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Economic Transformation Program (ETP)

  • Launch 25 September 2010
  • Part of National Transformation Program
  • Goal to make Malaysia a developed nation with income per capita of USD 15,000.
  • This will be achieved by attracting USD 444 billion in investment which create 3.3 million new job.
  • Oil, gas and energy sector plays prominant role and contribute 20% of Malaysia national GDP over the past decade (my note as of 2016)
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Categories: Oil & Gas Notes

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