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Article: Crude sell-off bid for Brunei.
- Article from:
- Sunday Business (London, England)
- Article date:
- November 19, 2000
CopyrightCOPYRIGHT 2000 Sunday Business Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RUNEI has turned to its traditional source of wealth - oil and gas - as the main plank of an economic diversification strategy to broaden its industrial base and secure employment for the country's rapidly growing population.
While the tiny sultanate also identified small and medium-sized businesses, information technology and tourism as main components of an economic stimulus package published last year, the prospects for oil and gas still look the most promising in the short to medium term.
On Friday, Brunei Shell Petroleum Company, jointly owned by the Brunei government and Royal Dutch Shell, signed a one-year renewable agreement with Unipec, a ...