Malaysia among hardest hit in Asean from Gulf oil disruption, says report

ASEAN countries exposed by Middle East oil dependence

According to Maybank Investment Bank, the Philippines is the most vulnerable, with 95 per cent of its crude oil imports sourced from Persian Gulf countries. The country’s oil import dependency is at nearly 100 per cent. Persian Gulf oil imports account for some 88 per cent of Vietnam’s crude oil imports, 69 per cent of Malaysia’s, 59 per cent of Thailand’s and 52 per cent of Singapore’s. Indonesia’s crude oil imports are more diversified, with 2…

Malaysia among hardest hit in Asean from Gulf oil disruption, says report

A Maybank Investment Bank research note says Malaysia imports 69% of its crude oil from the Persian Gulf.