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In 2012, Forbes also ranks Brunei as the fifth-richest nation out of 182, based on its petroleum and natural gas fields. [ 2 ] With the recent weakening of the country's economy due to pressure on oil prices, Brunei has adopted hardline sharia law to try to gain local public support. [ 3 ]
Brunei Energy Services & Trading Sdn Bhd (BEST) is a company based in Bandar Seri Begawan, Brunei Darussalam. [2] Established in 2012 as PB Trading Sdn Bhd, it was previously a subsidiary of Brunei National Petroleum Company Sendirian Berhad , also known as PetroleumBRUNEI .
QAF Brunei or QAF Brunei Group, [a] [6] is a private limited company under the Baiduri Group, [3] owned by Prince Mohamed Bolkiah, [4] serves as the investment company of the Bruneian royal family. Formerly known as QAF Holdings , the company has built a diverse portfolio spanning multiple sectors in Brunei. [ 7 ]
Since 1995, Brunei has supplied more than 700,000 tons of LNG to the Korea Gas Corporation as well. In 1999, Brunei's natural gas production reached 90 cargoes per day. A small amount of natural gas is used for domestic power generation. Brunei is the fourth-largest exporter of LNG in the Asia-Pacific region behind Indonesia, Malaysia, and ...
Brunei Methanol Company (BMC) is a national petrochemical facility situated at the Sungai Liang Industrial Park (SPARK) in Sungai Liang, Brunei [2] jointly owned by Japan's Mitsubishi Gas Chemical Company (50%), ITOCHU Corporation (25%) and Mirkhas (25%), a company incorporated under the purview of the Strategic Development Capital Fund, a trust sub-fund of the Government of Brunei.
There are three main types of business entity in Brunei, namely sole proprietorship, partnership, and company. [11] A private company contains the term "Sendirian Berhad", meaning "Private Limited" or "Sdn. Bhd." as part of its name; for a public company "Berhad" or "Bhd." is used. [12]
Brunei LNG (BLNG), located in Lumut, Belait District, [2] is the largest oil and gas producer in Brunei [3] and has been a key player in the country's energy sector since its establishment in 1969. As the fourth largest oil producer in Southeast Asia and the ninth largest liquefied natural gas (LNG) producer globally, [ 4 ] [ 5 ] BLNG has ...
Datastream Digital Sdn Bhd. (DST), formerly DataStream Technology Sdn Bhd, is a Brunei-based government-linked [3] conglomerate headquartered in the DST Group Building in Bandar Seri Begawan, Brunei. It was established in 1995 and as of December 2021 has at least 420,000 subscribers.