Latest news with #Samur
New Straits Times
20-07-2025
- Business
- New Straits Times
Sabah Blue Economy on track to yield RM3.25bil annually from marine harvests
KOTA KINABALU: The Sabah Blue Economy is estimated to yield 491,000 tonnes of marine harvests such as fish and prawns annually, with a value of RM3.25 billion, said Chief Minister Datuk Seri Hajiji Noor. He said marine harvesting is one of 14 components of the Blue Economy that can be explored, such as renewable ocean energy, blue carbon, tourism, maritime transport, and marine biotechnology, among others. "There is more to Blue Economy than just deep-sea harvesting," he said in a speech read by Sabah Finance Minister Datuk Seri Masidi Manjun at the International Business Review (IBR) ASEAN Awards here yesterday. Also present was IBR Asia Group founder, director and chief executive officer Datuk Beatrice Nirmala. The chief minister also said that one of the most exciting aspects of ocean energy is the Ocean Thermal Energy Conversion (OTEC), which harnesses energy from the oceans. "OTEC power plants are currently being planned to span across 500km of coastline and, in time, to be able to generate 20,000MW of green energy, an unprecedented scale globally. This is not only a gamechanger for the country, it is a gamechanger for the region," he said. Hajiji said the Blue Economy Industrial Park has been established in Kudat as part of three new industrial parks approved by the state government, along with Kota Belud and Beaufort, all strategically located to grow investment opportunities. On the investment front, Hajiji said Sabah had recorded RM17.41 billion from 73 companies in overall approved foreign and domestic investments in the manufacturing sector since September 2020, with 52 companies already setting up businesses in the state with a total investment of RM7.8 billion, creating 3,636 jobs. Between 2022 and 2024, Sabah received new investment proposals worth an additional RM42.3 billion, which will create 32,996 jobs, he added. The chief minister highlighted that Sabah had sealed the Commercial Collaborative Agreement with Petronas, allowing the state to have more participation in the oil and gas industry. This includes 50 per cent equity from the Samarang oil and gas field, 25 per cent equity from Samur, and a 25 per cent equity in the US$3.1 billion (US$1=RM4.24) floating liquefied natural gas (ZLNG) investment in Sipitang. To support the growing investments, the state government has launched the Sabah Energy Roadmap and Master Plan 2040. This initiative aims to generate 700MW within the next 1 to 2 years. Additionally, the government has allocated RM679.85 million in 2024 to address immediate water shortages. Long-term plans also include the completion of the Ulu Padas hydropower. Meanwhile, nine winners were announced at the event, namely Institut Jantung Negara for corporate excellence in the healthcare sector, Clean Kinetics Pte Ltd for corporate excellence in the renewable energy sector, Millenium Minerals Ltd for corporate excellence in the mining industry, Sabah Port Sdn Bhd for corporate excellence in the logistics sector, AiRTS Pte Ltd for innovative technology in the artificial intelligence sector, Alpine Integrated Solution Sdn Bhd for corporate excellence in the event management sector, and Education Malaysia Global Services for corporate excellence in the education sector. Negeri Sembilan was named Most Progressive State in Malaysia in 2024, while Sabah was recognised as the Most Outstanding State in Malaysia for 2024.
Daily Express
18-06-2025
- Business
- Daily Express
450 youths in Sipitang hope to land oil and gas jobs
Published on: Wednesday, June 18, 2025 Published on: Wed, Jun 18, 2025 Text Size: Dr Yusof with the young attendees. Kota Kinabalu: The State Government's commitment to prioritise local employment at the Sipitang Oil and Gas Industrial Park (Sogip) has been realised, with many Sipitang youths now working at the Sabah Ammonia Urea (Samur) Petronas Chemical Fertilisers Sabah. Sipitang Assemblyman Datuk Dr Yusof Yacob said the initiative, discussed years ago with Petronas and Sogip operators, ensures job opportunities for locals, whether through vendors, subcontractors, or direct employment. Advertisement 'The recent Sogip Open Day, organised by Petronas and other companies, interviewed 450 youths. We urge swift hiring decisions to absorb them into the workforce,' said Dr Yusof at the event's launch. He was joined by Sipitang MP Datuk Matbali Musah, Petronas officials and local leaders. With six companies set to operate in Sogip, including Petroventure, Gibson, Esteel and Sogip Port, total investments are projected at RM72 billion across 4,065 hectares. The construction phase alone will require 3,500 workers, potentially surging to tens of thousands once all plants are operational. The Samur alone will employ 500 permanent staff, with additional roles in maintenance, landscaping and pipeline upkeep. Dr Yusof noted that the influx of workers and their families could boost Sipitang's population to 25,000, spurring demand for housing, vehicle services, food supplies and retail. 'Locals must equip themselves with industry-relevant skills and explore downstream sectors like logistics, food services and childcare,' he added. The Sogip project aligns with the Sabah Maju Jaya development plan and is expected to drive Sipitang's economic growth for decades. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
