Fuel supply stable through June, Petronas says as tanker with one million barrels of crude oil from Iraq arrives in Malaysia
The Petronas vessel Ocean Thunder carries one million barrels of crude oil from Basrah, Iraq amid a global fuel and shipping disruption due to geopolitical tensions in the Middle East. — Picture from Instagram/Petronas
Saturday, 18 Apr 2026 11:28 AM MYT
KUALA LUMPUR, April 18 — The Petronas vessel Ocean Thunder has arrived in Malaysia carrying one million barrels of crude oil from Basrah, Iraq.
The shipment forms part of a broader supply network managed by the national oil company to ensure stable fuel availability nationwide amid a disruption in the Strait of Hormuz amid West Asia tensions.
“Ocean Thunder also carries a portion of the 38 per cent of national crude oil imports that transit the Strait of Hormuz.
“Malaysia's fuel supply is drawn from multiple sources across Petronas' wider supply network.
“This allows Petronas to confirm that fuel supply across its stations nationwide is sufficient through the end of June 2026,” the oil-and-gas giant said in a statement on its Instagram account today.
Bolehland consumes 700,000 barrels of oil per day.
ReplyDeleteSo 1 million barrels lasts 36 hours.
Malaysia consumes approximately 700,000 barrels of crude oil per day as of April 2026, according to the Finance Ministry and PETRONAS. Domestic production only covers about 350,000 barrels per day, meaning the country imports around half of its daily oil needs to meet domestic fuel demand.
BusinessToday Malaysia
Key Oil Data for Malaysia (April 2026):
Daily Consumption: ~700,000 barrels
Daily Production: ~350,000 barrels
Daily Import Need: ~350,000 barrels
Refining Capacity: Local refineries process around 700,000 to 800,000 barrels per day to meet demand.
Fuel Usage: On average, Malaysia uses about 112 million litres of fuel per day, including 46 million litres of petrol and 34 million litres of diesel.
The high consumption is driven by demand for petroleum products, while local production has declined, leading to reliance on imports, particularly to meet PETRONAS refinery needs.
Madani needs to do a deal with fuck to ensure the US Navy does not intercept Gulf tankers bound for Malaysia.
ReplyDeleteA jumbo jet full of electronics and microchips leaves Penang Airport every night, bound mostly for USA, especially to feed the AI boom.
Malaysia is a vital part of the global electronics supply chain.
wakakakaka… cf: the Nexperia debacle of Netherlands.
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