Miri is the birthplace of Sarawak's and Malaysia's petroleum industry, which remains the major industry of the city. The first oil well was drilled by shell in 1910, and is now a state monument and one of Miri's tourist attractions. Shell also built Malaysia's first oil refinery in Lutong, a suburb of Miri in 1914. Recently, vast oil reserves were discovered just offshore northeast of the city. Miri has grown phenomenally since oil was first discovered in the early 1900s, burgeoning into the modern and dynamic business, commercial and educational centre it is today.
The city's other major industries include processed timber, oil palm production, and tourism. The world famous Gunung Mulu National Park with the Sarawak Chamber a half an hour flight from the city, is one of the favourite Eco-Tourism destinations. Miri is also the main tourist gateway for the Loangan Bunut National Park, Lambir National Park and the Niah Caves at the Niah Caves National Park. Miri is lately known for its exotic coral reefs as well.
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