Brunei Sultan urges major energy companies to stay competitive

BANDAR SERI BEGAWAN, Sept. 11 (Xinhua) — Brunei’s Sultan Haji Hassanal Bolkiah chaired the board meeting of Brunei’s energy companies and stressed the importance of remaining competitive in the future, according to an official media report on Wednesday.
According to the official media Pelita Brunei, the Sultan chaired the board meetings of the Brunei Shell Petroleum Company and the Brunei Shell Marketing Company on Tuesday, emphasizing the importance of Brunei’s major energy companies collaborating in planning, enhancing returns, and fostering business growth to stay competitive in the future.
The Sultan stated that there is a need for cooperation with relevant agencies to uphold high integrity in all activities, considering the extensive operations of Brunei’s major energy companies with vendors and contractors.
Brunei is located in Southeast Asia, and the country’s proven oil reserves stood at 1.4 billion barrels in 2023, while natural gas reserves were about 300 billion cubic meters. ■