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Borneo Bulletin Yearbook 2019
THE ENERGY SECTOR
Brunei Vision 2035
Eight strategies have been identified to ensure that all
aspects of Brunei Darussalam’s development are being
implemented systematically and effectively. Areas
covered include education, economic development,
local business development and environment strategy
to ensure the accomplishment of the goals of Brunei
Vision 2035.
In the area of energy, three strategic goals area
addressed: (1) strengthening and grow oil and gas
upstream and downstream activities; (2) ensuring
the safe, secure, reliable and efficient supply and use
of energy; (3) maximise economic spin-offs from the
energy industry. This includes for example a significant
increase in local participation in the country’s total
workforce.
Ten key performance indicators (KPIs) have been
developed to address needs across the different
segments and parts of the value chain in the energy
sector. An initial set of supporting initiatives has also
been identified to ensure that the energy sector delivers
its targets by 2035.
Four key enablers have been identified to ensure that
Brunei grows in a manner that is competitive and
sustainable: (1) including implementing supportive
policy and regulatory frameworks; (2) growing
Bruneian human capital; (3) attracting investment to
fuel growth; (4) ensuring delivery on commitments.
Ministry of Energy, Manpower and Industry
The Ministry of Energy, Manpower and Industry
(MEMI) was formerly a department under the
purview of the Prime Minister’s Office. It was initially