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2008 Oil and gasExports: B$14.6billion
BSP, BLNG, TotalBrunei Government.Revenue 07/08B$8,841.2m from O & GBSP, BLNG & Totalpay staff < 5,000,contractors andsuppliersBrunei Gov. expenditure07/08 $5,601m on staff,development expendituresetc.Contractors paytheir staff andsuppliersContractors paytheir staff andsuppliersStaff spend their incomes ongroceries, cars, computers,insurance, travel, school,houses (construction) etc.
GDP B$20.4 billion (2008)
THE BRUNEI ECONOMY
Non-oil and gas private sector >100,000 jobs
Insights?
We should all be in the Oil and Gas industry!
New export industries required
Imports > B$3 billion/year
Machinery, transport, manufactures, food.
Consumer expenditure outside the country
Opportunities for SMEs in supply chain(upstream) and to capture expenditure from(downstream) major national initiatives
BEDB, agriculture & aquaculture, tourismetc.
Seek independence from oil and gas andgovernment expenditure.
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