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Sinopec chairman Hou Qijun is pursuing an ambitious transformation of the world's largest oil refiner, shifting capital toward petrochemicals and clean energy while confronting institutional inertia and declining fuel demand across Asia.
MIDA chairman Tengku Zafrul has called for stronger ASEAN cooperation to address a massive capital shortfall in the region's energy transition, proposing an integrated power grid, pooled investment facility, and coordinated emergency protocols.
Deputy Prime Minister Datuk Seri Fadillah Yusof has called on newly appointed Malaysian ambassadors to six countries to proactively pursue strategic cooperation, investment attraction, and trade advancement in their host nations while promoting Malaysia's energy transition agenda.
Malaysia's renewable energy capacity has surged to nearly 32 per cent, demonstrating strong progress towards the government's 2030 target of 35 per cent. Deputy Prime Minister Fadillah Yusof highlighted the achievement during the launch of a major solar project in Kelantan.
Prime Minister Anwar Ibrahim has announced a comprehensive government study into establishing a national petroleum reserve stock to safeguard Malaysia's energy security amid global uncertainties and supply chain disruptions.