His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam, on Tuesday chaired the 412th Board of Directors Meeting of Brunei Shell Petroleum Sendirian Berhad (BSP) and the 190th Board of Directors Meeting of Brunei Shell Marketing Sendirian Berhad (BSM) for the Third Quarter (Q3) of 2024.
The meeting took place at the Prime Minister’s Office.
Upon arrival, His Majesty was greeted by Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Haji Mohd. Amin Liew bin Abdullah, and Deputy Minister (Energy) at the Prime Minister’s Office Dato Seri Paduka Awang Haji Mohamad Azmi bin Haji Mohd Hanifah, in their capacity as members of the BSP and BSM board of directors.
In a titah, His Majesty emphasised the importance of the Brunei Shell Joint Venture (BSJV) and BGC to collaborate to develop ideas for increasing returns, support business growth, and remain competitive into the future, where cost management remains a key value driver for long-term sustainability of all the businesses.
With the large presence of the BSJV and BGC in Brunei Darussalam and its wide interface with vendors and contractors, His Majesty iterated the need to work with the relevant agencies to uphold the highest integrity at the forefront of all activities.
During the meeting, discussions highlighted updates on the key performance areas including operations, safety, financials, and manpower development, while also addressing the long-term strategies of both BSP and BSM for the coming years and beyond.
Also present at the meeting were key stakeholders including Shareholder Directors representing the government, Shell plc and Mitsubishi Corporation as well as members of the respective leadership teams at BSP and BSM.
