He said Shell’s CEO Wael Sawan conveyed the commitment during a courtesy call today.

“This decision stands as a resounding vote of confidence from a world-class investor in our sound economic policies, clarity in our leadership, and promise in our future,” Anwar said in an X posting.

During the courtesy call, Anwar said he shared the Malaysian government’s strategic vision in positioning the country as a stable and sustainable investment destination.

He said Sawan, in turn, expressed Shell’s strong confidence in the country’s direction, adding that Shell’s upcoming investments would help create high-skilled job opportunities for Malaysians.

“Malaysia will continue to chart a course that is prosperous, resilient and worthy of its people’s highest hopes,” Anwar added.

Shell owns about 950 petrol stations in Malaysia, with only Petroliam Nasional Bhd (Petronas) operating a wider network.

It also sells industrial lubricants and produces crude oil and natural gas off Sabah and Sarawak’s shores.

The company is also a joint venture partner in liquefied natural gas projects.