Dr Sim: Sarawak’s Bintulu Port acquisition strategic as it handles 6 pct world’s LPG supply

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Dr Sim: Sarawak’s Bintulu Port acquisition strategic as it handles 6 pct world’s LPG supply

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Sarawak’s acquisition of Bintulu Port, valued at RM1.8 billion, holds strategic importance as the port handles about 6 percent of the world's LPG supply. Deputy Premier Datuk Amar Dr Sim Kui Hian highlighted potential global energy market disruptions if port operations are disturbed.

KUCHING (July 2): The strategic importance of Sarawak’s ownership of Bintulu Port extends far beyond its RM1.8 billion acquisition value, with any disruption to its operations having the potential to shake international energy markets. In saying this, Deputy Premier Datuk Amar Dr Sim Kui Hian pointed out that the port role in handles about 6 [...] The post Dr Sim: Sarawak’s Bintulu Port acquisition strategic as it handles 6 pct world’s LPG supply appeared first on Borneo Post Online.

Politics Markets Commodities Energy Shipping Bintulu Port Sarawak LPG supply energy markets port acquisition RM1.8 billion Deputy Premier Dr Sim

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