KAZAN — Russian President Vladimir Putin and Malaysian Prime Minister Anwar Ibrahim announced at the ASEAN-Russia Commemorative Summit in Kazan that Russia will maintain a long-term supply of petrol, oil, and gas to Malaysia. The joint declaration followed assurances from Russia regarding the sustained provision of these energy resources.

Malaysia is an exporter of oil and gas and is projected to remain a net exporter of gas until 2035. However, Malaysia is a net importer of oil, having previously sourced supplies from Saudi Arabia, other Middle Eastern countries, and Iran.

Malaysian energy company Petronas has operated in international markets for a half-century and conducted business in Iran for 30 years. Petronas buys and sells oil and gas in U.S. dollars. Although the Malaysian ringgit is not freely tradable due to currency controls, Petronas funds are believed to be banked and distributed from Singapore. The company also maintains trade and storage contracts with Vitol.

In a separate development, President Putin extended a personal invitation to Malaysia's King Sultan Ibrahim of Johor to visit Russia and attend the Victory Day Rally in May. As part of this interaction, Sultan Ibrahim was presented with an AURUS Senat, a luxury vehicle manufactured in Russia that functions as Putin's official car. The AURUS Senat is typically not available for sale outside Russia.

The AURUS Senat will be added to the Royal Collection and will not be transferred to Malaysia's Treasury. Sultan Ibrahim stated in an interview with The Straits Times that the Petroleum Development Act 1974 of Malaysia should be amended to place Petronas under the control of the king rather than the prime minister.

The summit in Kazan marked a significant continuation of diplomatic engagement between the two nations, with the energy agreement serving as a central component of the broader ASEAN-Russia partnership framework established during the commemorative event.