oil production line fine quality in malaysia

                                               
                                               
                                               
                                               
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  • What is the palm oil industry in Malaysia?
  • Palm oil industry is one of the main industries in Malaysia. Malaysia currently accounts for 39% of world palm oil production and 44% of world exports. In 2017, there were about 5.81 million hectares of palm oil plantations throughout Malaysia. Currently, there are 461 palm oil mills and 50 palm oil refineries in Malaysia.
  • How many palm oil mills are there in Malaysia?
  • Currently, there are 461 palm oil mills and 50 palm oil refineries in Malaysia. Figure 1 below shows the breakdown of the palm oil mills by states and the production capacity. Palm oil industry products are being used in various applications such as food and dairy products, skincare and haircare products as well as pharmaceuticals products.
  • How important is the oil and gas industry in Malaysia?
  • This speaks volumes of the importance of the oil and gas industry in the country, which contributed around 9.3 percent to Malaysia’s gross domestic product (GDP).
  • How much oil does Malaysia have?
  • According to the Oil & Gas Journal (OGJ), Malaysia held proved oil reserves of 3.6 billion barrels as of January 2020, the fourth-largest reserves in Asia Pacific after China, India, and Vietnam.6 Nearly all of Malaysia's oil comes from offshore fields.