Oil & Gas, A Mainstay In Brunei’s Economy
The energy sector continue to dominate and remain as a mainstay in Brunei Darussalam's economy, which accounted for for 68% of Brunei's GDP, 98% of its exports and 93% of all government revenue.
Construction Of A New USD 4 Billion Refinery Complex
China’s Zhejiang Hengyi has secured regulatory approval from China to build a planned USD$4.32bn refinery project in Brunei that will house the southeast Asian country's first aromatics production. The refinery complex, which will have an 8m tonne/year capacity, will be built at Pulau Muara Besar. Construction works for the project will include the installation of an atmospheric and vacuum distillation unit with a capacity of eight million tonnes per year, a hydrocracking unit with a capacity of a 2.2mtpa, an aromatic complex unit with a capacity of 1.5mtpa, a diesel hydrogenation unit with a capacity of 1.5mtpa and a kerosene hydrogenation unit with a capacity of one million tonnes per year. Other project activities will involve the construction of docks, a tank field, a power station and a sea water desalination facility.
Brunei’s Oil & Gas Status
Brunei is the third-largest oil producer in Southeast Asia, averaging about 180,000 barrels per day (29,000 m3/d). It also is the fourth-largest producer of liquefied natural gas (LNG) in the world.