Malaysia committed to cut oil revenue dependence, says minister

Wata - Malaysian Oil and Gas Engineer

Note to self – search for new career.

Dateline 2015-04-23, TMI:

Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar said Malaysia had continued its effort to reduce national dependence on crude oil revenue, amid lower prices of the commodity.

Wahid, who is in charge of economic planning, said the country hoped to reduce dependence on oil to below last year’s contribution of about 30% to national income.

He said the country had been diversifying its economy.

“We have been consistently diversifying the economy to reduce dependence on the oil and gas sector,” Wahid said at the Invest Malaysia 2015 event in Kuala Lumpur today.

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