Rigzone Ranks the Top 10 Oil & Gas Cities in the World
Malaysia's capital and largest city, Kuala Lumpur, serves as the commercial and industrial hub for the country. Kuala Lumpur, or KL as the local residents call it, is a bustling metropolis.
Literally meaning "muddy river confluence", the 150-year old city was founded by Chinese tin miners and is now a part of the urban agglomeration Greater Kuala Lumpur (commonly known as the Klang Valley), which includes adjacent cities Petaling Jaya, Shah Alam, Klang, Port Klang, Ampang, Selayang/Rawang, Kajang, Puchong and Sepang.
Energy Impact
With headquarters in Kuala Lumpur, Malaysia's national oil and gas company Petroliam Nasional Berhad (Petronas) holds rights to all of the country's oil and gas resources. However, it wasn't Petronas that discovered Malaysia's rich resources. In 1910, Royal Dutch Shell plc discovered Malaysia's first oil field – onshore Sarawak. Currently, the country's oil reserves are the third largest in the Austral-Asia region (after China and India).
Petronas made its first onshore discovery in January 2013 after a 24-year lapse. After years of international exploration, Petronas announced in early 2013 it will place a renewed focus on domestic exploration. Malaysia's gas reserves are approximately four times the size of its oil reserves – 3.4 billion barrels – as of January 2012. It holds 82.5 trillion cubic feet of gas reserves, with 59 percent located offshore Sabah and Sarawak and 41 percent offshore Peninsular Malaysia, according to Petronas.
Exxon Mobil Corp., Lundin Petroleum, Murphy Oil Corp. and Shell are among the foreign oil companies to participate in production sharing contracts in the country.
Malaysia has a limited oil pipeline network due to its island geography, but boasts one of the most extensive natural gas pipeline networks in Asia. As a result, the country is also a candidate for the hub in an ongoing trans-ASEAN gas pipeline project by the Association of South East Asian Nations (ASEAN), hoping to link major ASEAN gas output and consumption centers by 2020.
City Highlights
Almost accidentally, Kuala Lumpur was discovered in the mid-1800s as Chinese prospectors searched for tin at the confluence of the Klang and Gombak rivers. The "meeting spot" soon became a booming mining town that was destroyed by a fire and later a flood in the late 1800s. Briefly ruled by the British and Japanese, the city officially became the Federal Territory of Kuala Lumpur in 1974.
From its humble beginnings, Kuala Lumpur's ethnic diversity and economy have evolved the city into a major cultural, economic and political center in Southeast Asia. Kuala Lumpur is a host city for the Formula One World Championship and it hosted the 1998 Commonwealth Games.
Kuala Lumpur"s Golden Triangle, comprising Jala Ampang, Jalan Imbi and Jalan Tun Razak, houses most of the city's glitzy shopping and nightlife, including the iconic Petronas Towers – the tallest twin skyscrapers in the world. Two companies, Japanese Hazama Corp. and South Korea's Samsung C&T Corp., were hired to construct the buildings.
Although it is mainly known for its cuisine and shopping, the city holds many architectural treasures blending modern skyscrapers with the unique Malay style. Including Islamic and Asian influences, Kuala Lumpur's architecture styles include: Moorish, Tudor, Neo-Gothic, Grecian-Spanish, Late Modernist and Post-Modernist.
For a more historic feel, Kuala Lumpur's City Centre retains much of the colonial-era buildings and traditions. The Merdeka Square – where Malaysia won its independence – the Moorish-style Kuala Lumpur Railway Station and the Islamic Arts Museum offer a glimpse of the city's colonial district. Nearby, the traditional commercial district, now commonly referred to as Chinatown, is lined with temples, mosques and markets.
Author: Saaniya Bangee
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