Watching The World: Oil diplomacy at work in Asia

05/18/2009
The Sultanate of Brunei has long had a certain cache among members of the international oil and gas industry. After all, who would not like to work on a South Pacific island with a lot of oil and gas?A year ago, things were not looking very bright. Industry analysts were estimating that Brunei’s reserves would run dry in about 12 years, while problems were mounting with Malaysia over maritime boundaries.Brunei’s Minister of Energy Pehin Dato Haji Yahya tried to put a positive spin on the situation. “You’ll never know–technology can change a lot of things,” he said, suggesting that new technology could discover and reach new deposits.As for the troubles ...

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