Malaysia raises oil output

Dec 11, 1997 01:00 AM

Malaysia's crude oil output has been increased by 20,000 bpd to 650,000 bpd in a bid to boost the country's export revenues.
A deputy minister in the prime minister's department, Nazri Aziz, told the Dewan Rakyat (the lower house of Malaysia's parliament) that the country had produced a total of 3.7 billion barrels of oil between 1974 and last September.
During the same period, 10,201 trillion cubic feet of gas were also extracted.
He added that oil and gas exploration was being actively carried out in deep-sea and coastal areas, and production-sharing contracts for eight deep-sea blocks had been signed so far.

Source: not available
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