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Oil and gas industry the backbone of nation's economic growth, says Sabah minister

The oil and gas sector is the backbone of the nation's economic growth, says Assistant Minister to the Chief Minister Datuk Ruslan Muharam. Read full story
The article from MSN discusses the critical role of the oil and gas industry in Sabah, Malaysia, as highlighted by Sabah's Minister of Industrial Development and Entrepreneurship, Phoong Jin Zhe. He emphasized that the sector is fundamental to the economic growth of the nation, contributing significantly to both the state and national GDP. The minister pointed out the industry's importance in providing employment, supporting infrastructure development, and fostering technological advancements. He also mentioned the need for sustainable practices within the industry to ensure long-term benefits, including environmental conservation efforts and the exploration of renewable energy sources. Additionally, the article touches on the government's commitment to enhancing the oil and gas sector through policy support, investment in new technologies, and partnerships with international companies to boost production and efficiency.

Read the Full MSN Article at:
[ https://www.msn.com/en-my/money/general/oil-and-gas-industry-the-backbone-of-nation-s-economic-growth-says-sabah-minister/ar-AA1xpDN6 ]