Section B · Mining and quarrying/Activity (5-digit)
06203

Draining and separation of liquid hydrocarbon fractions

This activity involves the extraction and separation of liquid hydrocarbon fractions from crude oil. It includes processes such as draining, which removes water and other impurities, and the separation of different hydrocarbon components for further processing or refining.

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 06203 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 06203 is required when issuing e-invoices via LHDN MyInvois. Use this code in the Classification field of your e-invoice.

SSM activity-description generator