Who owns Brunei energy services & trading (best)?

Brunei Energy Services and Trading (BEST) is the national oil company owned by the Brunei government. The company was granted all mineral rights in eight prime onshore and offshore petroleum blocks totaling 20,552 sq. km. PB manages contracts with Shell and Petronas, which are exploring Brunei’s onshore and deep-water offshore blocks.

Who owns the oil and gas industry in Brunei?

Brunei's oil and gas industry is dominated by the Brunei Shell Petroleum (BSP), which is owned equally by the government and the Royal Dutch Shell plc. BSP also owns the country's only refinery. With a production capacity of 10,000 barrels per day, the refinery produces sufficient oil to cater to the domestic oil demands in Brunei.

How much electricity does Brunei produce?

In 2010, electricity generation in Brunei reached 3,862,000,000 kWh, in which 99% of it was generated from natural gas sources and the remaining 1% was from oil sources. ^ "Department of Electrical Services, Brunei Darussalam".

Does Brunei have a retail sector?

RETAIL. Until the late 1980s the retail sector in Brunei was not particularly sophisticated. Aside from the local market, there were only coffee shops, general provision shops, Chinese supermarkets, and a few Chinese restaurants. In 1986 a Japanese store group, Yaohan, opened its first department store in Brunei.

What is the natural gas industry in Brunei?

The natural gas industry of Brunei is dominated by Brunei LNG (BLNG) plant, which was founded in 1972 and is now one of the biggest liquefied natural gas (LNG) plants in the world. The plant is responsible for liquefying nearly all of the country’s natural gas. Brunei ranks fourth in LNG exports in the Asia-Pacific region.