Published on 24th July 2019
Brunei's oil and gas sector is set to expand significantly with an infusion of $20 billion in investment. Over the next few years, 15,000 additional workers are needed to join the 20,000 already employed in the industry. The sector currently contributes to 97% of Brunei’s exports and 57% of its GDP. The Hengyi refinery...
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Brunei's oil and gas sector is poised for significant growth with a $20 billion investment, necessitating an additional 15,000 workers. This expansion aims to enhance local employment and reduce the unemployment rate from 9.3% to 3% by 2024, while the Hengyi refinery is set to begin operations soon, promising to strengthen the economy.
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