Section B · Mining and quarrying/Activity (5-digit)
06205

Mining of hydrocarbon liquids, obtain through liquefaction or pyrolysis

This activity involves the extraction of hydrocarbon liquids that are obtained through processes such as liquefaction or pyrolysis. It includes the mining of substances like crude oil and other liquid hydrocarbons derived from natural gas or coal.

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 06205 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 06205 is required when issuing e-invoices via LHDN MyInvois. Use this code in the Classification field of your e-invoice.

SSM activity-description generator