Word: sarawak
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Dates: during 1970-1979
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Brunei's maneuvering to retain British protection is based on oil. Tucked between the Malaysian states of Sabah and Sarawak, the sultanate sits on an estimated 1.6 billion bbl. of petroleum. The government owns a 50% share in a subsidiary of Royal Dutch Shell, whose wells pump 230,000 bbl. per day; it is also one-third owner of the world's largest natural gas liquefaction plant. Brunei's revenues should surpass $1 billion this year, and the national surplus, already $2.5 billion, will grow by another $700 million...
...drilling is about to begin in Cambodia, for example, continental shelf boundary disputes exist with Thailand and Vietnam. Further south, the continental shelf boundary between Thailand and Malaysia is not officially settled. And between the Philippines and Malaysia there is a long-standing feud over who should own Sarawak and the Palapan island. Only Malaysia and Indonesia have settled all their continental shelf boundary problems...