AGP Executive Report
Last update: 11 hours agoHengyi Expansion: The $5 billion second phase of Hengyi’s Pulau Muara Besar refinery aims to lift annual capacity from 8 million to 20 million tonnes, with the company targeting a 50% Bruneian workforce once operational. Economic Diversification: Brunei’s non-oil and gas sector grew from 46% of GDP in 2015 to 55% in 2025, while non-oil and gas goods rose to 60% of exports, largely on the back of downstream petroleum and chemicals. Trade Links: Brunei and India discussed expanding market access and cooperation in food, pharmaceuticals, healthcare and energy; their next Joint Trade Committee meeting will be held in Brunei. Singapore and Brunei have also agreed to strengthen essential-goods supply chains and recognise each other’s halal certificates.
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