Published on: Wednesday, December 23, 2020
By: Bernama
Joachim (centre) at the Sipitang Oil and Gas Industrial Park (Sogip).
Kota Kinabalu: The oil and gas (O&G) industry must increase its contribution to Sabah’s economy in order to sustainably support its population and boost value-add activities, said Deputy Chief Minister Datuk Joachim Gunsalam.
The Sabah Minister of Industrial Development said despite being the country’s largest crude oil producing state which accounted for 42 per cent of total production, Sabah remained the state with the highest unemployment rate and slowest rate of economic growth.
“It is critical for the state to continue moving up the value chain in order to maximise the benefits derived from its hydrocarbon resources and create valuable spin-offs across the state especially for the people.