comparemela.com

Latest Breaking News On - Mohd yazid jaafar - Page 6 : comparemela.com

Oil and gas blueprint timely

PETALING JAYA: There could be some light at the end of the tunnel for the local oil and gas (O&G) sector as the government is taking steps to revive the sector. The oil and gas services and equipment (OGSE) sector has been stuck in the doldrums, with many companies sitting on huge debts following the 2014 crude oil price rout. Last year’s Covid-19 pandemic has put further strain on the industry. Yesterday, the government launched its first blueprint, dubbed as the National OGSE Industry Blueprint 2021-2030, focusing on the O&G service providers that have been badly hit due to the Covid-19 fallout.

Oil & gas services, equipment sector expected to contribute RM40-50b to GDP by 2030

27 Apr 2021 / 21:51 H. KUALA LUMPUR: The oil and gas services and equipment (OGSE) industry is expected to contribute between RM40 billion and RM50 billion to Malaysia’s gross domestic product by 2030 compared with RM20 billion last year, Minister in the Prime Minister s Department Datuk Seri Mustapa Mohamed ( pix) said today. He said the higher contribution by the sector will be driven by the implementation of initiatives under the National OGSE Industry Blueprint 2021-2030. “The National OGSE Industry Blueprint 2021-2030 aims to provide direction for OGSE companies to improve their competitiveness, efficiency and technological capabilities. “We must ensure that the growth of the sector is achieved in a sustainable manner without greater costs to future generations, through innovation and advancement in low-carbon technologies,“ he said in his keynote address at the launch of the blueprint here.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.