Kuala lumpur: Malaysia does not sell oil to other ASEAN member states as the country is still importing about 400,000 barrels of crude oil per day, said Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani. He explained that despite Malaysia being an oil-producing nation, it remains a net oil importer due to its substantial daily oil imports.

According to BERNAMA News Agency, Johari clarified that Malaysia's status as a net oil importer prevents it from selling oil to ASEAN countries, even amid the current global supply crisis. "Because we still import about 400,000 barrels a day, we can't sell," he told Malaysian reporters when asked if any ASEAN country had approached Malaysia to sell oil.

Johari highlighted that while Malaysia cannot export crude oil, the nation remains a net exporter of liquefied natural gas (LNG). "The surplus we have from LNG can help cushion the deficit in crude oil," he stated after attending the 27th ASEAN Economic Community Council Meeting and the ASEAN Joint Foreign and Economic Ministers' Meeting.

He reassured that Malaysia is currently able to maintain the RON95 petrol price at RM1.99 per litre, despite the ongoing West Asia conflict affecting many countries. Johari expressed hope for a quick resolution to the conflict, acknowledging the uncertainty of its duration.