Kuala lumpur: Petroliam Nasional Berhad (Petronas) can negotiate with Russia for oil supply as a proactive measure to ensure the country's energy reserves remain sufficient for public consumption, said Prime Minister Datuk Seri Anwar Ibrahim. He emphasized that this step could be taken as many European countries, which along with the United States had previously imposed sanctions on Moscow, are now competing to secure oil supplies from Russia due to current economic needs.
According to BERNAMA News Agency, Anwar highlighted that Malaysia's relations with Russia remain positive, allowing for potential negotiations by Petronas to meet energy needs as a friendly nation. He made these remarks at the official opening of the new terminal of LTSIP, where notable attendees included Kelantan Menteri Besar Datuk Mohd Nassuruddin Daud, Transport Minister Anthony Loke, and Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar.
Anwar pointed out that geopolitical tensions involving Iran, the United States, and Europe are impacting the global transport sector, affecting oil prices and fertilizer supplies. The government's early diplomatic actions have ensured that Malaysia's oil tankers were among the first to navigate critical routes in the Strait of Hormuz, thus avoiding major disruptions to the national energy supply chain.
He mentioned the recent arrival of a Petronas oil tanker at the Pengerang Integrated Complex in Johor, underscoring the significance of this supply for oil refining processes at the facility. Anwar attributed this success to early engagement with Iranian leadership, which secured passage while international negotiations over the Strait of Hormuz remain unresolved.
Anwar also noted that the global crisis has prompted other countries to seek Malaysia's cooperation. He cited a recent visit by Australian Prime Minister Anthony Albanese, who discussed supplies of petrol, diesel, and fertilizer. Nonetheless, Anwar reaffirmed that the government prioritizes the interests of the Malaysian people and domestic market before considering assistance to other countries, stating that domestic needs are paramount.