Overseas markets key to growing Malaysia’s oil and gas services sector in next three years, says economy minister

The Malaysian government anticipates growth in the oil and gas services and equipment (OGSE) sector by expanding into international markets, particularly targeting developing countries such as Timor-Leste.

Minister of Economy Akmal Nasrullah Mohd Nasir emphasized that increased international participation will enhance revenue streams and strengthen the sector's resilience against economic fluctuations.

The Malaysia Petroleum Resources Corporation (MPRC) is tasked with facilitating this expansion through strategic initiatives like the International Market Access Programme.

KUALA LUMPUR, Sept 23 — The government expects the oil and gas services and equipment (OGSE) sector to increase its output and revenue in the next two to three years through expansion into overseas markets, said Minister of Economy Akmal Nasrullah Mohd Nasir.

Speaking to reporters today, he said greater international market participation would strengthen the sector’s revenue streams while improving the resilience of Malaysian OGSE companies against economic and industry shocks.

“When we talk about the potential in terms of the international oil and gas market, developing countries will be a good place for us to venture into and that is why in terms of our planning through this international market access programme, Timor-Leste will be among the destinations that we will go into.

“But definitely the groundwork must be done through Malaysia Petroleum Resources Corporation (MPRC) to build up the rapport and provide the mechanism and really to ease the process,” said Akmal Nasrullah after the preview of MPRC International Market Access Programme’s Privet OGSE Turkmenistan here today. — Bernama

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马来西亚政府预计，通过拓展国际市场，特别是瞄准东帝汶等发展中国家，石油和天然气服务及设备 (OGSE) 行业将实现增长。

经济部长阿克马尔·纳斯鲁拉·莫哈末·纳西尔强调，增加国际参与将增加收入来源，并增强该行业抵御经济波动的能力。

马来西亚石油资源公司（MPRC）的任务是通过国际市场准入计划等战略举措来促进这一扩张。

吉隆坡，9月23日讯——经济部长阿克马尔·纳斯鲁拉·莫哈末·纳西尔表示，政府预计未来两到三年内，石油和天然气服务及设备（OGSE）行业将通过拓展海外市场来增加产量和收入。

他今天对记者表示，更多地参与国际市场将增强该行业的收入来源，同时提高马来西亚海上石油服务企业抵御经济和行业冲击的能力。

“当我们谈到国际油气市场的潜力时，发展中国家将是我们进军的好地方，因此，就我们通过这项国际市场准入计划进行的规划而言，东帝汶将是我们将要进入​​的目的地之一。

“但马来西亚石油资源公司（MPRC）必须做好前期准备工作，建立良好关系，提供必要的机制，真正简化流程，”阿克马尔·纳斯鲁拉在今天MPRC国际市场准入计划的Privet OGSE土库曼斯坦项目预览会后表示。——马新社

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