Prime Minister Anthony Albanese has turned to the small, wealthy country of Brunei in his ongoing efforts to ensure fuel keeps flowing to Australia.
Brunei’s economy has been dominated by the oil and gas industries for the past 90 years, with the energy sector accounting for 46.7 percent of its AU$22.82 billion GDP in 2024.
Brunei produces roughly 90,000 barrels of oil per day (bopd) and significant natural gas, with key operations managed by Brunei Shell Petroleum. More recently, Brunei Fertiliser Industries has become a major supplier, with its first major export in 2022.
The country—which is surrounded by the Malaysian state of Sarawak—is ruled by the Sultan, Haji Hassanal Bolkiah, currently the world’s longest-serving head of state and one of its richest men, with an estimated personal net worth ranging from US$20 billion to over $50 billion….
Australian PM in Brunei in Latest Step to Ensure Fuel Keeps Flowing
