What condition did Malaysia's Second Finance Minister set for importing Russian oil?

Malaysia will only import oil from Russia if it is 'acceptable from an international trading basis', as stated by Second Finance Minister Amir Hamzah Azizan at the Reuters NEXT Asia conference in Singapore.

What energy-related outcomes resulted from Prime Minister Anwar Ibrahim's June state visit to Russia and Turkmenistan?

During Prime Minister Anwar Ibrahim's June state visit to Russia and Turkmenistan, Russia assured Malaysia of supplies of petrol, oil, and gas; meanwhile, in Turkmenistan, Malaysia's state-owned energy firm Petronas signed several new agreements with state companies Turkmennebit and Hazarnebit to strengthen its presence in the Caspian Sea and expand its upstream portfolio.

Malaysia Minister: Russian Oil Imports Subject to International Trading Standards

Jul 9, 2026

Malaysia's finance minister stated Russian oil imports depend on international trading standards, while Petronas expanded its upstream portfolio through new agreements in Turkmenistan.

reuters

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