British protectionism and oil industry prior to the establishment of Petronas

Saiful Khairi Kamarudin, (2020) British protectionism and oil industry prior to the establishment of Petronas. MALIM: Jurnal Pengajian Umum Asia Tenggara, 21 . pp. 15-33. ISSN 1511-8393

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Official URL: http://ejournals.ukm.my/malim/issue/view/1351

Abstract

The existence of protectionism policy in Malaya and Borneo had been practised by the British specifically in the oil industry during colonialism. This policy was to prevent the largest American oil corporation, from dominating the oil market in Southeast Asia. The two British oil companies, the Anglo-Saxon Company and Shell Company in the early 20th century completed their business relationship with the Dutch oil company to control the oil industry in Southeast Asia. Oil producer colonies in Southeast Asia was solely granted oil supply through British oil company to prepare the outbreak of the First World War. This marked the height of British protectionism by providing continuous oil supply to the British Navy and expanding oil exports during the First World War. Later, PETRONAS adopted protectionism and monopoly strategies to increase equity ownership of Malays in the oil and mining industry.

Item Type:Article
Keywords:Petroleum industry; Protectionism; Foreign oil company; World war 1; National oil company
Journal:MALIM ; Jurnal Pengajian Umum Asia Tenggara
ID Code:15679
Deposited By: ms aida -
Deposited On:11 Nov 2020 06:05
Last Modified:16 Nov 2020 06:54

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