(EnergyAsia, January 11, Friday) — Malaysia would go ‘bankrupt’ if it continued to increase domestic fuel subsidies, now running at 10% of government revenue, in the face of rising world oil prices said Deputy Prime Minister Najib Tun Razak. US crude futures have remained supported at more than $90 a barrel for more than two…
MALAYSIA: Higher oil subsidies could ‘bankrupt’ the country as peak oil looms
Posted on January 10, 2008 by EnergyAsia