Section B · Mining and quarrying/Activity (5-digit)
06103

Production of crude petroleum from bituminous shale and sand

This activity involves the extraction of crude petroleum from bituminous shale and sand deposits. It includes processes that convert these materials into crude oil, which can then be refined into various petroleum products.

Case-by-case approval

Upstream petroleum operations require Production Sharing Contract (PSC) with Petronas. Foreign participation is structured via PSC terms, not equity.

Foreign equity
100%
Sector approval required
Capital floor
None
Standard Sdn Bhd RM 1
Setup timeline
8–12 wk
Foreign Sdn Bhd via Emerhub
Set up for this MSICOne-business-day quote · MSIC 06103 pre-filled
Investment policy

Foreign ownership rules

Foreign ownership rules

  • Oil & Gas UpstreamconditionalPETRONAS

    Upstream petroleum operations require Production Sharing Contract (PSC) with Petronas. Foreign participation is structured via PSC terms, not equity.

    Source

Sourced from MIDA sector booklets and respective regulators. Verify the latest rules with the regulator before investment decisions.

For SSM registration

Activity details

SST & Withholding Tax

SST Exempt
e-Invoice Required

Risk Level

Low Risk

e-Invoicing (MyInvois)

MSIC code 06103 is required when issuing e-invoices via LHDN MyInvois. Use this code in the Classification field of your e-invoice.

SSM activity-description generator