It attracted RM 80 billion (US$ 17.85 billion) in foreign investments, with 95% going to the Sarawak Corridor of Renewable Energy (SCORE), the second largest economic corridor in Malaysia. As of 2021, Sarawak is producing 2,800,000 barrel of oil equivalent every day in 150 oil and gas producing fields. However, the export-oriented economy is dominated by liquefied natural gas (LNG), which accounts for more than half of total exports. Crude petroleum accounts for 45.1%, while palm oil, sawlogs, and sawn timber account for 12.0% collectively. The state receives a 15% royalty from Petronas over oil explorations in its territorial waters. Most of the oil and gas deposits are located offshore next to Bintulu and Miri at Balingian basin, Baram basin, and around Luconia Shoals. Sarawak is one of the world's largest exporters of tropical hardwood timber, constituting 65% of the total Malaysian log exports in 2000. The last United Nations statistics in 2001 estimated Sarawak's sawlog exports at an average of per year between 1996 and 2000. In 1955, OCBC became the first foreign bank to operate in Sarawak, with other overseas banks following suit. Other notable Sarawak-based companies include Cahya Mata Sarawak Berhad, Naim Holdings, and Rimbunan Hijau. Energy Electricity in Sarawak, supplied by the state-owned Sarawak Energy Berhad (SEB), is primarily sourced from traditional coal fired power plants and thermal power stations using LNG, but diesel based sources and hydroelectricity are also utilised. There are 3 hydroelectric dams at Batang Ai, Bakun, and Murum, with several others under consideration. In early 2016, SEB signed Malaysia's first energy export deal to supply electricity to neighbouring West Kalimantan in Indonesia. In 2008, SCORE was established as a framework to develop the energy sector in the state, specifically the Murum, Baram, and Baleh Dams as well as potential coal-based power plants, and 10high priority industries out to 2030. The Regional Corridor Development Authority is the government agency responsible for managing SCORE. The entire central region of Sarawak is covered under SCORE, including areas such as Samalaju (near Bintulu), Tanjung Manis, and Mukah. Samalaju will be developed as an industrial park, with Tanjung Manis as a halal food hub, and Mukah as the administrative centre for SCORE with a focus on resource-based research and development. Tourism Tourism plays a major role in the economy of Sarawak and contributed 7.9% of the state's GDP in 2016. Foreign visitors to Sarawak are predominantly from