Accounting for Depletion of Oil and Gas Resources in Malaysia

Othman, Jamal; Jafari, Yaghoob

doi:10.1007/s11053-012-9192-2

Cited by 9 publications

(4 citation statements)

References 6 publications

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“…Apart from that, Malaysia is also an active player in oil and natural gas industry, as well as other agricultural product such as natural rubber, palm oil, pepper, cocoa and marine fish (Vincent, 1997). Malaysia's source of income had depended largely on these resources especially the oil and natural gas (Othman & Jafari, 2012). However, the land-based mining industry had become stagnant as the tin market had crashed in 1980s and due to lack of exploration and development of the land-based minerals (Lee, 2013).…”

Section: Deep Seabed Minerals As the New Mineral Resourcesmentioning

confidence: 99%

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Mining the Deep Seabed: Is Malaysia Ready?

Fuad

Talaat²,

Rusli³

2017

ASS

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The mineral industry is expanding fast coinciding with the increase in demands. The depleting land-based minerals has led to the seeking of mineral resources especially from deep sea. Deep seabed minerals have high concentration of precious metal in comparison to land-based minerals. A lot of countries have started to explore and exploit the deep seabed minerals. Thus, it is necessary for Malaysia to commence on deep seabed mining exploration to reap its economic and technological benefits. Similarly, like land mining, the marine environment will face environmental degradation from deep seabed mining exploration. Being a State-party to the United Nations Convention on the Law of the Sea 1982 (UNCLOS 1982) and Convention of Biological Diversity 1994 (CBD), Malaysia has yet to develop a set of policies, regulations and laws related to deep seabed mining to mitigate its effect to the marine environment coinciding to the requirements of these conventions. The purpose of this study is to explore the preparedness of Malaysia to embark on exploration of deep seabed mining in areas beyond the national jurisdiction while observing the effects of deep seabed mining to the marine environment. The challenges in exploring the deep seabed mining as well as the relevant international and national laws related to deep seabed mining will also be observed in this study.

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Section: Deep Seabed Minerals As the New Mineral Resourcesmentioning

confidence: 99%

“…It has played a crucial role in the Malaysian economic development since the late 1980s (Othman & Jafari, 2012). Nevertheless, the source of oil & gas is depleting due to the impact of the production since the late 1980s (Lee, 2013).…”

Section: Deep Seabed Minerals As the New Mineral Resourcesmentioning

confidence: 99%

Mining the Deep Seabed: Is Malaysia Ready?

Fuad

Talaat²,

Rusli³

2017

ASS

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“…The impact of OP on energy depletion is a very relevant phenomenon as increasing OP may increase oil rents and would become a reason for over-extraction and depletion of this natural resource. Limited literature investigated the OP and natural resource depletion relationship [60][61][62][63][64]. Othman and Jafari [60] probed the role of OP on oil reserve depletion in Malaysia.…”

Section: Introductionmentioning

confidence: 99%

“…Limited literature investigated the OP and natural resource depletion relationship [60][61][62][63][64]. Othman and Jafari [60] probed the role of OP on oil reserve depletion in Malaysia. They found that, during rising world oil prices (2001)(2002)(2003)(2004)(2005), the oil reserves declined sharply.…”

Section: Introductionmentioning

confidence: 99%

Oil Price and Energy Depletion Nexus in GCC Countries: Asymmetry Analyses

Alkhateeb

Mahmood

2020

Energies

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Oil price has played a prominent role in oil exporter economies and may also affect energy depletion in oil-dependent countries. Considering asymmetry, the relationship between oil price (OP) and energy depletion has been investigated in the Gulf Cooperation Council (GCC) region from 1970 to 2017. We find asymmetrical positive effects of OP on the energy depletion in the panel of the GCC region. To avoid aggregation biasness in the panel estimates, we also conduct a time-series analysis on each GCC country. We find a positive impact of increasing OP on the energy depletion in six GCC countries, and this effect is found to be elastic in the case of all countries except for Kuwait. Positive effects of decreasing OP on the depletion are also found in all the GCC countries, and these effects are found to be elastic or unit elastic in the case of all countries except Saudi Arabia. Asymmetry in the relationship of oil price and energy depletion is established for Bahrain, Kuwait, and Saudi Arabia in terms of the different magnitude of effects.

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Kalman Filtering-Based Approach for Project Valuation of an Iron Ore Mining Project Through Spot Price and Long-Term Commitment Contracts

Sauvageau

Kumral

2017

Nat Resour Res

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Accounting for Depletion of Oil and Gas Resources in Malaysia

Cited by 9 publications

References 6 publications

Mining the Deep Seabed: Is Malaysia Ready?

Mining the Deep Seabed: Is Malaysia Ready?

Oil Price and Energy Depletion Nexus in GCC Countries: Asymmetry Analyses

Kalman Filtering-Based Approach for Project Valuation of an Iron Ore Mining Project Through Spot Price and Long-Term Commitment Contracts

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