Section B · Mining and quarrying/Division
06

Extraction of crude petroleum and natural gas

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 06 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.

Official statistics

Sector context

Official statistics (DOSM)

Industrial Production Index
98.5(index, 2015=100)
-6.5% YoY
As of 2026-03 (Monthly)
GDP (real, quarterly)
RM 23.79B
+2.5% YoY
As of 2025-Q4 (Quarterly)

Source: Department of Statistics Malaysia (DOSM) open data, attached to MSIC division 06. Index values use the official DOSM base year (typically 2015 = 100). Indicators refresh monthly or quarterly per dataset. Where a DOSM subsector spans multiple MSIC divisions, the same headline is shown on each — it is the subsector total, not an allocated share.

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