The Institute for Public Policy Research's (IPPR) latest Procurement Tracker edition indicates that the local content policy for the oil and gas industries is likely to result in the revision of the Petroleum Act and its regulations, as well as the model petroleum agreement the Mines and Energy Ministry has with the

Mines and Energy Ministry aims to attract more investors and embrace innovation as well as improve transparency in the industry. 

The ministry further pledges to continue to support small miners and contribute to job creation.