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Southeast Asia·Russia·Energy·Trade & Economy·Diplomacy

Malaysia's Petronas to negotiate Russian oil purchases amid regional energy crunch

Sunday, 19 April 2026, 08:05 · 1 min read

Malaysian Prime Minister Anwar Ibrahim announced on Saturday that state oil company Petronas (Malaysia's national energy corporation) will enter negotiations with Russia to secure oil supplies for domestic use, as the country faces energy pressures stemming from the ongoing US-Israel conflict with Iran and disruptions to the Strait of Hormuz. Malaysia joins a broader regional push, with Indonesia, the Philippines, and Vietnam all recently pursuing or expanding Russian energy deals amid surging global oil prices. Anwar noted that Malaysia's existing diplomatic ties with Moscow place it in a favourable position for the talks, and said early government diplomacy had already helped a Petronas tanker pass through the Strait of Hormuz and deliver safely to the Pengerang Integrated Complex, averting supply chain disruptions.

Sources
Channel NewsAsiaMalaysia joins growing number of Southeast Asian countries seeking to secure Russian oil ↗︎
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